PA Resources Provides Update on Azurite Field Offshore Congo

The oil and gas company PA Resources announced a short update on production and sales at the Azurite Field offshore Republic of Congo.

The last production well on the Azurite Field was commissioned as communicated on June 8 and is presently being monitored after initial clean-up.

Present level of production on the Azurite Field is in line with the average production level seen in the first quarter of 2011.

PA Resources has over the last couple of days performed a lifting from the Azurite Field priced at approximately USD 114 per barrel.

PA Resources has a 35 percent working interest in the production sharing contract for the Azurite Field, the operator Murphy Oil Corporation has a 50 percent working interest and Société Nationale Petroles du Congo 15 percent.

PA Resources AB (publ) is an international oil and gas group which conducts exploration, development and production of oil and gas assets. The Group operates in Tunisia, Republic of Congo (Brazzaville), Equatorial Guinea, United Kingdom, Denmark, Greenland, Netherlands and Germany. PA Resources is one of the larger oil producers in Tunisia and is also producing oil in the Republic of Congo.

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Source:Cisionwire, June 15, 2011;