Range Resources Quarterly Activities Report

Posted by OilVoice Press - OilVoice



Range, an international company with oil and gas assets and oilfield services operations in Trinidad and Indonesia, provides its quarterly activities report for the period ended 30 September 2018 (Q1 FY19) with the following highlights:


  • Average daily production for the quarter of 594 barrels of oil per day (“bopd”);
  • Beach Marcelle waterflood project expansion underway to increase the number of active producer and injector wells;
  • In excess of 20 workovers, reactivation and swabbing activities completed;
  • RRDSL successfully and safely completed drilling services for Touchstone in Trinidad with no LTI or HSE incidents;
  • Programme of infrastructure upgrades revised (subsequent to the quarter end) with completion date deferred to Q3 2019. This delay is expected to have an impact upon production growth. It is expected that it will be into late 2019 until that growth can be achieved; and
  • In Indonesia, well reactivations are ongoing. G&G studies are planned to improve reservoir understanding and to assist in establishing a longer-term development plan for the field.


  • £1 million placement completed to accelerate growth strategy and continue investment in infrastructure and facilities upgrade in Trinidad;
  • Agreement signed to increase Range's interest in the Georgian project to 65%; and
  • Cash and liquid assets position of US$6.6 million (unaudited).

Range's Chief Executive Officer, Yan Liu commented:

"We are clearly disappointed and frustrated with the delay in infrastructure upgrade programme and the knock-on effect it is having on our drilling programme and production in Trinidad. Our focus is to complete the upgrades as quickly and as efficiently as possible to allow the team to move onto drilling. In the meantime, we are continuing with other work programme in Trinidad with waterflood expansion underway and over 50 workovers and reactivations planned before the end of the year.We continue to see significant value in the Trinidad asset base and are determined to unlock its value in the years ahead as production growth is delivered.”

New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Range ResourcesOilfieldTrinidadIndonesia

More items from oilvoice

Cyber Security Experts Unite to Protect Europe’s Critical Industries

CS4CA Summit Returns to London this October Staying abreast of fast-paced industry developments is crucial for cyber security professionals. And while one can learn a lot from publications and social media, it's hard to beat the value of insights gained first-hand from peers. This is why 150+ IT ...

OilVoice Press - OilVoice

Posted 8 months agoPress > cybereurope

Africa E&P Summit

The organisers of the Africa E&P Summit are bringing together Africa's leading exploration companies and governments, just one of the many reasons why you should be attending frontier's event that they are organising and hosting in London at the IET: Savoy Place, 22-23 May. Over 200 key senior exec ...

OilVoice Press - OilVoice

Posted 1 year agoPress > Africasummitoil summit +2

Equinor Deepens in Offshore Wind in Poland

Equinor has exercised an option to acquire a 50 % interest in the offshore wind development project Bałtyk I in Poland from Polenergia. This transaction is a follow-up of the agreement between the two companies which came into force in May 2018 , by which Equinor acquired a 50 % inter ...

OilVoice Press - OilVoice

Posted 1 year agoPress > EquinorEquinor EnergyPoland +2

Nigeria has highest capex on crude and natural gas projects in sub-Saharan Africa Over Next Seven Years, says GlobalData

Nigeria accounts for more than 34% of the proposed capital expenditure (capex) on planned and announced crude and natural gas projects in the sub-Saharan Africa over the period 2018–2025, according to GlobalData , a leading data and analytics company. The company's report: ‘H2 2018 Production ...

OilVoice Press - OilVoice

Posted 1 year agoOpinion > GlobalDataNigeriaCrude +5

CNOOC Signs Strategic Cooperation Agreements with 9 International Oil Companies

HONG KONG, Dec. 18, 2018 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that its parent company, China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, Conoco ...

OilVoice Press - OilVoice

Posted 1 year agoPress > CNOOCChina National Offshore Oil CorporationChevron +11
All posts from oilvoice