Key Operational Update
Gas sales from the B-80 field have been stopped for asset integrity related maintenance. These measures are described as preventive and corrective, being carried out to ensure the continued safe, reliable, and efficient operation of the facilities. The work is stated to be in line with applicable safety standards and operational best practices.
Oil sales from the field continue, albeit at lower rates than normal.
Location and Asset Details
The disruption affects the Western offshore block specifically identified as Block MB/OSDSF/B80/2016 (B-80).
Estimated Impact and Rationale
The company characterizes the stoppage/reduction in production as a standard process for offshore oil & gas installations. The disclosure states that the event is not covered by insurance.
Forward-Looking Statement
The company committed to notify the stock exchanges upon the resumption of gas sales from the B-80 field.