Shetland Gas Plant update
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Further to its announcement of 6th December 2023, Kistos (LSE: KIST), a joint venture partner in the Greater Laggan Area and co-owner of the Shetland Gas Plant, today provides an update on the recent shutdown of the plant.
TotalEnergies, the operator of the plant, continues to investigate the cause of the heating medium system failure at SGP, and in parallel has started work to replace the failed section. Both workstreams need to be completed to ensure the safe restart of the facility, which Kistos expects to occur in the next two weeks.
Kistos remains in regular contact with the operator and will provide further updates as appropriate. In the meantime, the Company confirms that its average production in 2023 is still expected to be within the previously guided range of 8,500 - 10,500 boe/d.
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