Sign In
8 Aug 2014 07:00
Afren plc
Operations update at Barda Rash, Kurdistan region of Iraq
London, 8 August 2014
Afren plc ("Afren" or the "Company") has taken the precautionary step to temporarily suspend operations at the Barda Rash field in light of heightened regional security related issues. Working with our local security advisors, Afren is implementing a phased withdrawal of non-essential field personnel from the Barda Rash field. All other Afren operations in the Kurdistan Region of Iraq remain unchanged. Afren will continue to closely monitor events on the ground in consultation with our security team and the relevant authorities. It is expected that we will return to field operations as soon as it is prudent to do so. The suspension is not expected to have a significant impact on the Group's cashflow.
For further information contact: | |||
James Henderson Mark Antelme
Bell Pottinger (+44 20 7861 3232)
|
| ||
Simon Hawkins Group Head of Investor Relations
Afren plc (+44 20 7864 3700) |
| ||
Notes to Editors
Afren is an independent upstream oil and gas exploration and production company listed on the main market of the London Stock Exchange and a constituent of the Financial Times Stock Exchange Index of the leading 250 UK listed companies. Afren has a portfolio of assets spanning the full cycle E&P value chain. Afren is currently producing from its assets in Nigeria and holds further interests in the Kurdistan region of Iraq, Ghana, Côte d'Ivoire, Congo Brazzaville, Kenya, Ethiopia, Madagascar, Seychelles, Tanzania and South Africa. For more information please refer to www.afren.com.
Follow the stocks
