Afren now ranked 3rd in UK main board peer group
After the entry of ISN client, Afren plc (AFR.L), into the Kurdistan region of Iraq, they are now ranked 3rd amongst UK independent oil companies by last reported net 2p and 2C reserves.
The acquisition of Kurdistan’s Barda Rash and Ain Sifni assets increase Afren’s recoverable reserves from 136 mmboe to 1,026 mmboe.
ISN continue to provide IT support and consultancy to Afren at their London HQ as well as Houston, Lagos and their African production well sites.
ISN are currently working on a drilling comms project for Tullow Oil plc Ghana (TLW.L), the UK’s largest independent, equipping the Sedco Energy rig with VSAT and IT systems.
ISN has worked with 4th ranked Premier Oil plc (PMO.L) for a number of years on a range of IT and comms projects.
Many congratulations to Afren on their newest acquisitions and continued growth!