Sydney - Tuesday - June 7: (RWE Aust Business News) - Hawkley Oil
& Gas (ASX:HOG) will develop stand-alone processing facilities for the
gas and condensate production in the Sorochynska licence.
Current bottlenecks restricting production to 7.5 mmscuftpd will
be removed and there will be improved revenue through reduction of
monthly processing fees of $300,000, with better separation of gas
and liquids.
Hawkley would then be positioned for production capacity of
up to 30 mmscuftpd.
The build of $2-3 million is considered inexpensive.
Production from Sorochynska Well #201 is currently tied into a
processing plant operated by Plast.
Design restrictions in the plant means that Hawkley's production
is limited to about 7.5 mmscuftpd of raw gas per day.
The condensate separating train is inefficient, and additional
separators and heaters are currently being added into the train so that
the bottleneck can be removed.
It is expected that the feasibility study on a new plant will be
completed in 6-8 weeks.
Reuters.
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