Stock Market News
Stevenson appointed Project Manager for Petroceltic's Ain Tsila Development
05-02-2013 09:19
| Add To Google +1 | Tweet |
AIM-listed upstream oil and gas exploration and production company Petroceltic International has appouinted Geoff Stevenson as Project Manager for its Ain Tsila Development.
The company, which is focused on North America, the Middle East and the Mediterranean, said that Stevenson would report to Geoff Probert, the Managing Director fo the group's North Africa businesses.
Within the role of Project Manager, Stevenson will be accountable for all aspects of the delivery of the Ain Tsila project. The role will include specific responsibility for the planning, scheduling, budgeting, and execution of development activities, including facilities engineering, construction, subsurface and well engineering.
The group reported that he has more than 25 years of international project management experience on oil and gas developments in Europe, North Africa, North America, the Middle East and Far East, much of that experience gained working alongside national oil companies.
The Ain Tsila wet gas project entered its 30-year development period in December 2012. The approved plan of development will involve the production of gross reserves of 2.1tn cubic feet of sales gas, 67m barrels of condensate and 108m barrels of liquefied petroleum gas.
Development planning is scheduled to commence in 2013 and first gas is scheduled for late 2017, at an annual average wet gas plateau rate of 355m standard cubic feet/day.
Petroceltic holds a 56.625% working interest in this field, with Enel holding 18.375% and Sonatrach 25%.
Brian O'Cathain, Chief Executive of Petroceltic, commented: "Geoff Stevenson is an outstanding appointment for Petroceltic as we move into the development phase of the Ain Tsila project. His proven track record of delivering large projects in Algeria will enable him to make an immediate contribution while his broad international experience will be an important support to our ongoing growth and diversification ambitions."
Petroceltic's share price was unchanged at 7.26p at 09:48 on Tuesday.
MF
The company, which is focused on North America, the Middle East and the Mediterranean, said that Stevenson would report to Geoff Probert, the Managing Director fo the group's North Africa businesses.
Within the role of Project Manager, Stevenson will be accountable for all aspects of the delivery of the Ain Tsila project. The role will include specific responsibility for the planning, scheduling, budgeting, and execution of development activities, including facilities engineering, construction, subsurface and well engineering.
The group reported that he has more than 25 years of international project management experience on oil and gas developments in Europe, North Africa, North America, the Middle East and Far East, much of that experience gained working alongside national oil companies.
The Ain Tsila wet gas project entered its 30-year development period in December 2012. The approved plan of development will involve the production of gross reserves of 2.1tn cubic feet of sales gas, 67m barrels of condensate and 108m barrels of liquefied petroleum gas.
Development planning is scheduled to commence in 2013 and first gas is scheduled for late 2017, at an annual average wet gas plateau rate of 355m standard cubic feet/day.
Petroceltic holds a 56.625% working interest in this field, with Enel holding 18.375% and Sonatrach 25%.
Brian O'Cathain, Chief Executive of Petroceltic, commented: "Geoff Stevenson is an outstanding appointment for Petroceltic as we move into the development phase of the Ain Tsila project. His proven track record of delivering large projects in Algeria will enable him to make an immediate contribution while his broad international experience will be an important support to our ongoing growth and diversification ambitions."
Petroceltic's share price was unchanged at 7.26p at 09:48 on Tuesday.
MF
| Related share prices |
|---|
| Petroceltic International (PCI) share price |
Stock News is provided by Digital Look Corporate Solutions from Sharecast news. Please read the terms and conditions of useage of this data. Republication or redistribution of content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Digital Look Ltd.
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- UK 100 Shares
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways share price
- Centrica share price
- Tesco share price
- National Grid share price
- RBS share price
- GSK share price
- Marks and Spencer
- Rolls Royce
- Banco Santander price
- Direct Line
- Rio Tinto share price
- Amec Share price
- Corac share price
- Lookers
- Telecom plus
- Kier share price
- Punch taverns
- Blinkx share price
- Tan share price
- Yell share price
- Rsa share price
- Pendragon share price
- Logica share price
- Bat share price
- Sky share price
- Kingfisher share price
- Dragon Oil share price
- Desire Petroleum share price
- RRL share price
- BPC share price
- VOG share price
- SAR share price


Prices

