2 Oct 2014 07:00
Resuming field operations at Barda Rash
London, 2 October 2014
Afren plc ("Afren" or the "Company") announces that, following an improvement in the security situation in the border region of the Kurdistan Region of Iraq, the Company has begun the process of returning staffing levels to normal at the Barda Rash field with a view to resuming drilling and production activities as soon as possible with the expectation that operations will be fully resumed by end October. This follows the temporary and precautionary step of implementing a phased withdrawal of field personnel as announced on 8 August 2014. Field operations at Ain Sifni, operated by Hunt Oil, have already resumed to normal levels.
Afren's primary consideration is the safety and wellbeing of employees. The decision to resume full operations at Barda Rash has been made following a close monitoring of the situation and in close consultation with the relevant authorities.
For further information contact: | |||
Gavin Davis Henry Lerwill
Bell Pottinger (+44 20 3772 2500)
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Simon Hawkins Group Head of Investor Relations
Afren plc (+44 20 7864 3700) |
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Notes to Editors
Afren is an independent upstream oil and gas exploration and production company listed on the main market of the London Stock Exchange and a constituent of the Financial Times Stock Exchange Index of the leading 250 UK listed companies. Afren has a portfolio of assets spanning the full cycle E&P value chain. Afren is currently producing from its assets in Nigeria and holds further interests in the Kurdistan region of Iraq, Ghana, Côte d'Ivoire, Congo Brazzaville, Kenya, Ethiopia, Madagascar, Seychelles, Tanzania and South Africa. For more information please refer to www.afren.com.