2nd Oct 2014 06:29
LONDON (Alliance News) - Afren PLC Thursday said it has started the process of returning to normal staffing levels at the Barda Rash field in the Kurdistan Region of Iraq following an improvement in the security situation in the region.
Afren had said on August 8 it would temporarily suspend operations at Barda Rash due to the heightened tensions in the region, though it said it did not expect the move to have a significant impact on its cash flow.
Afren said field operations at the Ain Sifni site, operated by Hunt Oil, part of Hunt Conoslidated Inc, have already resumed to normal levels.
Afren said its decision to return staff to the Barda Rash site has been made following close monitoring of the situation in Kurdistan and was made in close consultation with relevant authorities in the region.
Afren has a 60% working interest in the Barda Rash field, as well as a 20% working interest in the Ain Sifni field.
By Sam Unsted; [email protected]; @SamUAtAlliance
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