Heritage: OML 30 Back Producing over 35,000 bopd

Heritage Oil reported Wednesday its OML 30 concession in Nigeria is back to producing more than 35,000 barrels of oil per day (bopd) now that the firm has resolved the problems that affected production during the first quarter.

Heritage said that work is underway that has the objective of optimizing existing facilities, including gas lift, which will enable production rates to increase further during the remainder of the year. The firm expects 2013 gross production from the OML 30 fields will average 35,000 bopd.

In the long term, Heritage is targeting a significant increase in production to 300,000 bopd and the firm plans to drill new wells in the second half of 2014. Infrastructure is in place that has a capacity to handle 395,000 barrels per day.

Heritage CEO Tony Buckingham commented in a statement:

"We are delighted that production levels are back over 35,000 bopd gross for the licence and that the issues encountered earlier in the year have been resolved. The work schedule is progressing in line with our update last month and we are on track to meet our production target for the full year."

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Buru Energy Hits Oil at Praslin 1 Well (Aug 28)
 -  IOG Gets 3-Month Skipper License Exten... (Aug 28)
 -  UIL Energy to Acquire Perth Basin 2D S... (Aug 28)
 -  Galilee Completes Acquisition of ATP 5... (Aug 27)
 -  NPD Grants Statoil Drilling Permit in ... (Aug 27)


Most Popular Articles

From the Career Center
Jobs that may interest you
Base Manager - Subsea
Expertise: Subsea Engineering
Location: Lafayette, LA
 
Deepwater (Drilling and Completions) Engineer - Houston TX
Expertise: Drilling Engineering|Workover or Completion
Location: Houston TX, TX
 
Account Manager - Reservoir Development Services - Houston, TX
Expertise: Business Development|Geologist|Reservoir Engineering
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $50.05/BBL 5.23%
Light Crude Oil : $45.22/BBL 6.25%
Natural Gas : $2.72/MMBtu 3.42%
Updated in last 24 hours