Pacific Energy Ups Production from Platform Eureka Offshore California
Pacific Energy Resources Ltd. has increased production from Platform Eureka in the Beta Field, offshore California. The drilling rig refurbishment at Platform Eureka was recently completed and the process of working over wells has begun.
The first well work has added an additional 300 barrels per day, bringing total Eureka production to approximately 1,400 barrels of oil per day. The previously announced Phase 2 production target of 2,000 barrels of oil per day for Eureka is expected to be fully achieved by the end of October with an additional three wells returned to producing status.
The Company's end of September production was approximately 7,500 barrels of oil equivalent per day ("boe/d"). This compares to 6,780 boe/d in the second quarter of 2008, and approximately 7,300 boe/d for the third quarter of 2008.
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