July 18, 2011 / 5:54 PM / 7 years ago

UPDATE 1-Transglobe says oil field in Yemen resumes production

(Follows alerts)

July 18 (Reuters) - Canada’s TransGlobe Energy Corp said production at an oil field in Yemen has resumed, ending a four-month shut-in after repairing a part of the export pipeline that was damaged in mid-March.

TransGlobe, which has a 25 percent non-operated working interest in the S-1 block in Yemen, said the An Nagyah field is currently producing about 8,300 barrels of oil per day (bopd), of which 2,075 bopd is TransGlobe’s share.

The operator of the block began shipping crude oil on July 16, a day after the pipeline from Marib to Ras Issa facility on the Red Sea was repaired.

Shares of Calgary, Alberta-based TransGlobe were down about 2 percent at C$11.23 on Monday on the Toronto Stock Exchange. (Reporting by Abhiram Nandakumar in Bangalore; Editing by Viraj Nair)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below