Business
Update on the completion of GTU3
Update on the completion of GTU3.
About this update from Nostrum Oil & Gas Plc
[{"type":"text","content":"\n \nRNS Number : 9178T Nostrum Oil & Gas PLC 18 October 2017 \n\n \n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION\nDisclosure of inside information in accordance with Article 17 of Regulation (EU) 596/2014 \n(16 April 2014) relating to Zhaikmunai LLP and Nostrum Oil & Gas PLC\n \nAmsterdam, 18 October 2017\n \nUpdate on the completion of the Third Gas Treatment Unit (\"GTU3\")\n \nNostrum Oil & Gas PLC (LSE: NOG) (\"Nostrum\", or \"the Company\"), an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, today provides an update on the progress of GTU3.\n \nDue to the delayed delivery of some specially designed valves required for the tie-in of GTU3 with GTU1&2 it will not be possible to bring gas into GTU3 in 2017. The previously planned three week shut down of GTU1&2 has therefore been postponed until after the winter period. The shut down and tie-in is now scheduled to be completed in April 2018. The tie-in will allow gas to go from GTU1&2 into GTU3, for GTU3 to be connected with the export gas pipeline and GTU3 commissioning to take place. Commissioning is expected to be completed within approximately 60 days. \n \nThe main reason for the delay is due to the fact that once the tie-in is completed the welding joints need to be hydro-tested prior to any gas passing through it. This testing cannot take place during the winter when temperatures are below zero. In order to minimise the downtime of GTU1&2 it is more efficient to have just one period of downtime to complete the tie- in and the hydro-testing rather than to have two separate periods of shut down for the tie-in and hydro- testing to be carried out separately. Therefore the decision has been taken to move the three week shut down to the period when temperatures move above freezing, which is now forecast to be April 2018. \n \nThe result of this change in timing for the tie-in means there will be a very short shut down of GTU1&2 in Q4 2017 as it will be limited to the minimal required maintenance of only a few days. The GTU3 plant on a standalone basis will be mechanically...