The Board of Ascent Resources LON:AST has told DirectorsTalk that the export production pipeline which runs from the Petišovci field to the Croatian border has been recertified at the operating pressure required for production.
This pipeline will be connected to wells Pg10 and Pg11A via the existing processing plant and used to transport gas produced from the Petišovci field to Croatia. A purchase order for the connection of the pipelines has been approved and planning work is underway.
Colin Hutchinson, CEO, commented: “I am pleased that another task has been successfully completed and that the pipeline can be used without the need for refurbishment; we will continue to progress the remaining work programmes required to make the wells ready for production and look forward to revenues in early 2017.”
