Sunday, November 4, 2007

Puffin delivers first crude cargo

AED Oil's wholly owned Puffin oil project delivered its first crude cargo of 328,000 barrels of oil.


The crude cargo was lifted from floating production, storage and offloading (FPSO) vessel Front Puffin to trading tanker Mayon Spirit. The API gravity for the crude cargo was calculated at 43.6, which corresponds with the previously published API. The next offtake from Puffin is now scheduled for mid-November. AED is completing the commissioning of the production facility, which was put on hold leading up to the offloading. The wells will be tested and oil production optimized after completing the commissioning. Drilling on Puffin-10, first began on Oct. 12, is expected to be complete by mid December.


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