Sunbird's Resources Sufficient for Ibhubesi Project Development

Southern Africa gas explorer and developer Sunbird Energy has announced that existing discovered 1C Resource at the Ibhubesi Gas Project offshore South Africa can be developed to achieve planned Phase 1 development.

The feasibility study has also verified that the Resource could be developed without the need for further exploration or appraisal drilling, enabling significant progress to be made towards upgrading the project to a Proven Reserve, the company said.

The 201 Bcfe 1C resource is sufficient to deliver a 12 year gas production plateau at an instantaneous flow rate of 80MMscfd. The 869 Bcfe 2C resource is sufficient to deliver a 12 year gas production plateau at an instantaneous flow rate of 328MMscfd.

Sunbird is continuing to progress the Ibhubesi Gas Project feasibility study, which is due for completion in May 2013.