Brief: Krisenergy Says Production At Wassana Oil Field Suspended Until Further Notice

KrisEnergy

03/06/2020 15:18

June 3 (Reuters) - KrisEnergy Ltd  KRIS.SI :
    * PRODUCTION AT KRISENERGY-OPERATED WASSANA OIL FIELD
SUSPENDED
UNTIL FURTHER NOTICE
    * DUE TO SUSPENSION OF WASSANA PRODUCTION, CO TO REDUCE
WORKFORCE
IN THAILAND BY ABOUT 25%
    * OPERATIONS AT GROUP'S REMAINING PRODUCING ASSETS - B8/32
OIL &
GAS FIELDS IN GULF OF THAILAND & BANGORA GAS FIELD CONTINUE AS
USUAL
    * WILL REDUCE ITS WORKFORCE IN THAILAND BY ABOUT 25.0%
    * AGREEMENTS WITH RESPECT TO FLOATING STORAGE AND OFFLOADING
VESSEL AT WASSANA FIELD HAVE BEEN TERMINATED
    * SUSPENSION AS UNCERTAINTIES AHEAD IN DURATION OF PANDEMIC,
PETROLEUM DEMAND RECOVERY, MAGNITUDE & SUSTAINABILITY OF UPTURN
IN OIL PRICES
    * IN DISCUSSIONS REGARDING WARM-STACKING OF MOBILE OFFSHORE
PRODUCTION UNIT AT WASSANA FIELD WITH SKELETON CREW

Source text for Eikon:  ID:nSNZ1gB42Q 
Further company coverage:  KRIS.SI 

 ((Reuters.Briefs@thomsonreuters.com;))