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Alvopetro Announces First Natural Gas Deliveries to Bahiagas from Flagship Caburé Project
Alvopetro Announces First Natural Gas Deliveries to Bahiagas from Flagship Caburé Pro...
About this update from Alvopetro Energy Ltd.
[{"type":"text","content":"\n\n\n\nAlvopetro Announces First Natural Gas Deliveries to Bahiagas from Flagship Caburé Project\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnml40{\nMARGIN-LEFT:3.33em\n}\n.prnbcc{\nBORDER-TOP:0pt solid; BORDER-RIGHT:0pt solid; BORDER-COLLAPSE: COLLAPSE; BORDER-BOTTOM:0pt solid; BORDER-LEFT:0pt solid\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, AB, July 6, 2020\n\n\n\nCALGARY, AB, July 6, 2020 /CNW/ - Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF) announces that we have commenced natural gas deliveries from our flagship Caburé Project under our long-term Gas Sales Agreement with Bahiagás.  The Caburé Project is the culmination of a conventional upstream natural gas development coupled with a natural gas commercial solution that includes highly strategic midstream assets.   Commercial deliveries commenced on July 5th and on July 6th we have ramped up to our planned daily Firm delivery rate of 10.6 mmcfpd (300,000 m3/d).\nUpstream Caburé Unit Development (49.1% Alvopetro)\nOur Caburé natural gas field is a joint Unit development (Alvopetro 49.1% working interest).  The field now has a total of seven wells, with six of these wells tied into recently expanded production facilities that are delivering Alvopetro's share of natural gas from the Unit.  The Unit has a planned gross production plateau rate of 15.9 mmcfpd (450,000 m3/d).  Depending on our partner's delivery nominations, we have the ability to produce up to 450,000 m3/d against Alvopetro's share of reserves from the Caburé Unit.  During the commission phase of our midstream assets the Unit delivered Alvopetro a total of 59.3 mmcf (1.68 e6m3) of gas at rates up to 11.7 mmcfpd (330,000 m3/d).  \nGas Sales Agreement (100% Alvopetro)\nAlvopetro's share of natural gas produced from the Caburé Unit is being sold under our long-term gas sales agreement (\"...