RE: Stuff12 Aug 2018 10:07
Ascent Expects to Get Permit for Gas Processing Plant in Slovenia in September
Date: August 10th 2018Author: Tanja Srnovršnik Volarič Category: TradingTopic: Natural gas , Energy policy , Economy , Ecology
The Slovenian authorities have assured Ascent Resources, a U.K-based oil and gas production and exploration company, that the required permits, one of which is for the construction of a processing facility adjacent to the Petišovci gas field in Slovenia, will be processed “without further undue delay”. This means the permits “should be issued in final form in the next two months”, said Ascent Resources on Thursday.
plin iz slovenskih vrtin3
Photo: Geoenergo and Ascent
Ascent needs the IPPC permit to enable it (and its partners in Slovenia) to construct a processing plant adjacent to the Petišovci gas field near Lendava in Slovenia.
“The processing plant is required for phase two of the development plan, and the anticipated increased production from the field,” said Ascent. The company is currently exporting production (raw natural gas) from the first two wells, Pg-10 and Pg-11A, via an export pipeline to the Croatian oil and gas company INA. In July Ascent said that the gas sales agreement with INA had been extended to 2 May 2019 (MORE).
Average monthly production from the Pg-10 and Pg-11A wells over the first nine months of export production has been between 1.0 and 2.4 MMscfd, noted Ascent.
“While there is capacity to significantly increase production through the existing export facilities, with the levels of production projected in the field development plan, it would be more economic to treat these through a facility in Slovenia. This facility would allow Slovenian gas to be treated in Slovenia and sold to Slovenian customers thereby ensuring that the country captures the maximum amount of added value from the resource,” stressed Ascent.
The company added that “the estimated reserves and resources of the Petišovci field are very significant in the context of Slovenia's national annual natural gas consumption, while the country currently imports a large majority of its natural gas requirement”.
A step forward
In a June interview for the Slovenian newspaper Delo,e Ascent’s CEO, Colin Hutchinson, was highly critical of the permitting process in Slovenia and the detrimental impact this was having on the project and further investment in the country.
“It is therefore pleasing to report that at a meeting this week between staff from the British Chamber of Commerce in Slovenia, the Environment Ministry and officials from the environmental agency ARSO, undertakings were made by ARSO to review the outstanding amendments as a priority, in a timely fashion, once they have been submitted by the joint venture partners,” explained Ascent.
According to Ascent, there are two open amendments; the response to the first, which can be prepared by Ascent and its partners will be submitted by 17 August 2018. The response to the s
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