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Nuvista Energy Ltd T.NVA

Alternate Symbol(s):  NUVSF

NuVista Energy Ltd. is an oil and natural gas company, which is engaged in the exploration for, and the development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin. Its primary focus is on the scalable and repeatable condensate rich Montney formation in the Alberta Deep Basin (Wapiti Montney). Its core operating areas of Wapiti and Pipestone in the Montney formation are located near the City of Grande Prairie, Alberta, approximately 600 kilometers northwest of Calgary. Its Montney Formation is a shale gas and shale oil resource. The Montney formation in the Wapiti area is a thick (200m+) section of hydrocarbon-charted fine-grained reservoir found at depths ranging from 2,500-3,500m.


TSX:NVA - Post by User

Post by Carjackon Aug 23, 2022 9:50pm
101 Views
Post# 34915937

Freeport LNG Expects to Resume Partial Operations in Novembe

Freeport LNG Expects to Resume Partial Operations in Novembe

(P&GJ) — Freeport LNG Development LP said on Tuesday it expects to resume partial operations at the liquefaction facility in early to mid-November.

Freeport said that although typical construction risks could impact the recovery plan, it anticipates initial production will commence and ramp up to a sustained level of at least 2 billion cubic feet per day by the end of November, representing over 85% of the export capacity of the facility.

The recovery plan will utilize Freeport LNG's second LNG loading dock as a lay berth until loading capabilities at the second dock are reinstated in March 2023, at which time it expects to be operating the facility at 100% capacity.

Freeport LNG has engaged Kiewit Energy Group Inc. (Kiewit) to perform the engineering, procurement, and reconstruction activities necessary to implement Freeport LNG's recovery effort. Kiewit has significant LNG facility experience including both greenfield and brownfield developments and large and small/mid- scale LNG projects. They have been involved in LNG projects from start to finish including, front-end engineering design, detailed engineering, procurement, construction and commissioning.

Freeport LNG continues to coordinate closely with representatives of the Pipeline Hazardous Materials Safety Administration, the Federal Energy Regulatory Commission, the U.S. Coast Guard and other applicable regulatory agencies to implement its recovery plan and corrective measures to ensure a safe and confident resumption of operations.

 
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