Galoc Field Production

18 Dec 2008 10:53



18 December 2008

Forum Energy Plc

("Forum Energy" or the "Company")

Galoc Field - FPSO Disconnection

The board of Forum Energy notes the press statement released by the Galoc Production Company on 16 December 2008 regarding the suspension of production from the Galoc Field.

For operational reasons the production at the Galoc Field has been suspended to allow the FPSO Rubicon Intrepid to disconnect from the mooring and riser system. This disconnection was prompted by adverse weather and FPSO equipment availability. 

At this time arrangements are being made to undertake an inspection of the mooring and riser system. This will be undertaken as soon as suitable ROV equipment is mobilized to the field and weather permits, nominally end of this week. The findings of the inspection will enable the need for any remedial action to be established.

Forum has a 2.27% participating interest in the Galoc Field.

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www.forumenergyplc.com