Turbine generator for Tartaruga Field approved

Petro Vista Energy Corp., an independent oil and gas exploration and production company, and its partners have received official approval from the Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis (ANP) for a 37.5% participating interest to Petro Vista in the Tartaruga Field. The partners including Petrobras are concluding the execution and filing of amendments to the Tartaruga Concession Agreement and associated agreements. The 7-TTG-1DP-SES well currently produces approximately 7,500 barrels of oil per month on an average due to limits imposed by the ANP on gas flaring. The operator, UP Petroleo Brasil, has now received approval to install a gas-powered turbine generator to be fuelled by gas produced from well 7-TTG-1DP-SES. As a result, well production limits will be removed allowing the well to produce at an expected long term stabilised rate of 12,000 barrels of oil per month, using a down hole electric submersible pump (ESP) powered by the generator. The operator also plans to complete a second work over on well SES-107-D including the installation of an ESP. Perto Vista also announced the resignation of Ian Baron from the Board. Baron is succeeded by Nick Walker. Walker is the COO of Africa Oil Corp. and has over 27 years of industry experience.

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