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PENN WEST PETROLEUM LTD. T.PWT

"Penn West Petroleum, based in Calgary, Alberta, is an independent Canadian energy company focused on the exploration and production of oil and natural gas resources in Saskatchewan, Alberta, and British Columbia. At the end of 2015, the company reported proven reserves before royalties of 208 million barrels of oil equivalent. Daily production averaged 86,000 barrels of oil equivalent in 2015, at a ratio of 69% oil/31% gas."


TSX:PWT - Post by User

Post by makedonkaon Feb 27, 2017 11:39am
94 Views
Post# 25898791

28,000 barrels of production to go offline

28,000 barrels of production to go offline"The Gabonese government sent the military to recapture oilfield control centers from protestors on Friday in an effort to resume partial production as an industry-wide workers’ strike carries on.

A Reuters report said the Libreville government retook control over the Onal and Coucal oilfields, but a spokesperson from the union organizing the strike said that the resistance would continue until salaries were raised as demanded.

Both affected fields restarted minimum services on Friday, the National Organization of Petroleum Employees said.

 

So far, the worker shortage has caused 28,000 barrels of production to go offline, severely hurting the OPEC-member country’s output – which averaged 217,000 barrels per day in 2016 according to OPEC’s secondary sources. Total and Shell dominate Gabon’s oil sector.

The French oil company Maurel et Prom, which owns the two closed oilfields, has not yet commented on the status of the strikes or any plans to engage the workers.

Gabon became a member of the Organization of Petroleum Exporting Countries (OPEC) last July after a hiatus of more than two decades."

https://oilprice.com/Latest-Energy-News/World-News/Gabon-Enlists-Military-To-Retake-Oil-Facilities-Shut-Down-By-Protestors.html

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