Buccaneer brings Kenai well on stream

Kenai: an aerial view of the Kenai Loop project in Alaska, showing its close proximity to infrastructure

On stream: an aerial view of the Kenai Loop project in Alaska, showing its close proximity to infrastructure

BUCCANEER ENERGY

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Danica Newnham

 13 February 2013 02:46 GMT

Australia’s Buccaneer Energy has started producing from its Kenai Loop-4 well in Alaska’s Cook Inlet basin.

The company said the well at its wholly-owned Kenai Loop project has been flowing gas at an initial rate of 2 million cubic feet per day since Sunday.

It is estimated to have a long-term output rate of 3 to 4 MMcfd. This is in addition to Buccaneer’s current production of 6.5 MMcfd from the Kenai Loop-1 well, which started producing a year ago.

The company said on Wednesday that Kenai Loop-4’s output rate was being limited by the temporary production facilities after severe weather suspended the installataion of permanent facilities and…

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