Equatorial Guinea has approved a Noble Energy Inc. group’s development plan that calls for condensate production to begin by the end of 2013 from Alen gas-condensate field in the Douala basin off Equatorial Guinea.As Alen field produces 37,500 b/d of condensate under the $1.6 billion project, gas reinjection is estimated to be 380 MMcfd. The condensate rate is 25% higher than originally estimated, leading to payout in less than 2 years.
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Source: Oil & Gas Journal
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