Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

Leni Reports Record Production

change text size

Junior explorer Leni Gas and Oil reported Wednesday that production from its fields in Spain and Trinidad recently hit 450 barrels of oil per day – a new record for the company.

In northern Spain, the firm's field at Ayoluengo continues to perform well, with oil production hitting 143 bopd on June 10 compared a 2012 average of 130 bopd. Leni is currently seeking a partner to co-invest in projects designed to enhance production at Ayoluengo.

In Trinidad, the firm has see oil production increase steadily at its Goudron field since its acquisition in October 2012, and Goudron now contributes two-thirds of Leni’s total production. The firm expects production growth here to continue throughout this year as additional wells are reactivated.

But Leni also reported that performance from its Icacos field has been less strong in recent weeks and that additional well work-overs will be required to restore previous production levels in excess of 35 bopd.

Leni Chief Executive Neil Ritson commented in a company statement:

"We continue to be ahead of our planned progress towards the 400 bopd target set by the company for Trinidad by end year. We are continuing at an aggressive pace in Trinidad and we remain confident of the development potential in the country."

 



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

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Kongsberg Bags $53M Contracts from Chi... (Jul 23)
 -  Leni Finds More Oil with 4th Goudron D... (Jul 22)
 -  Puka-3 Well Spuds Onshore New Zealand (Jul 22)
 -  IEV Receives Nod to Progress Work at P... (Jul 22)
 -  Drilling Starts at Egdon's Wressle Pro... (Jul 21)
Most Popular Articles
From the Career Center
Jobs that may interest you
Senior Project Manager (SURF Installation)
Expertise: Subsea Engineering
Location: Houston, TX
 
Senior Landman/ Land Manager
Expertise: Landman, Petroleum Engineering
Location: Houston, TX
 
Asset Integrity Engineer - Coordinator
Expertise: Environmental Safety & Training, Petroleum Engineering, Safety Engineering
Location: Midland, TX
 
search for more jobs