Atlantic Petroleum more than Doubles Production in July 2015

Atlantic Petroleum announced Tuesday that production figures more than doubled during July 2015, when compared to the same period last year.  

Last month, Atlantic Petroleum produced a net total of 44,000 barrels of oil equivalents (boe) from the Chestnut, Ettrick and Blackbird fields. The average daily production was 1,419 boe per day. In July 2014, the company only produced a net total of 19,000 boe from the Chestnut, Ettrick and Blackbird fields due to a planned annual shutdown of the Ettrick and Blackbird fields which started on June 23, 2014. A short shutdown of the Chestnut field due to a well intervention also affected production during the month, which registered an average daily output rate of 613 boe.

Although the production figures represented a significant increase from the same period last year, Atlantic Petroleum’s July 2015 figures were slightly lower than those from June 2015, when the company produced a net total of 45,000 boe from the Chestnut, Ettrick and Blackbird fields. During June this year, Atlantic’s average daily production hit 1,500 boe.

A graduate in journalism from Cardiff University, Andreas has eight years of experience as a business journalist. Email Andreas at andreas.exarheas@rigzone.com

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