BusinessGulf Keystone says production performance meeting expectations

Gulf Keystone says production performance meeting expectations

-

- Advertisment -spot_imgspot_imgspot_img

Gulf Keystone Petroleum Ltd said on Friday it is now targeting increasing its

output towards 55,000 barrels of oil per day in January, following a strong performance.

The Bermuda-based oil and gas exploration and production company said its production performance has been in line with expectations. It also noted a record monthly average high in October.

Gulf Keystone said it was on track to meet its 2021 gross average production guidance of 42,000 to 44,000 barrels of oil per day.

Gross average production in 2021 was 43,300 barrels of oil per day. Gulf Keystone said it saw a record gross average production of 45,654 barrels of oil per day in October.

Gross production of 55,000 barrels of oils per day is now expected in January, the company said.

The company added that it has submitted a field development plan to the Ministry of Natural Resources which includes the continued ramp-up of Jurassic oil production, an appraisal of the Triassic reservoir and a gas management plan to more than halve carbon dioxide per barrel.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Man sentenced to life imprisonment after impregnating 15-year-old daughter

Ekpo Lawrence, 42, was convicted and sentenced to life in prison by the Lagos State Domestic Violence and Sexual...

Price of oil surpasses $90 per barrel, first time since 2014

Brent oil exceeded $90 per barrel on Wednesday, reaching its highest level in more than seven years, roiled by...

Catholic priests declare homosexuality practice, advocate against discrimination

OpenLife Nigeria reports that more than 100 Catholic church officials in Germany came out as lesbian, gay, bisexual, and...

Unknown gunmen abduct Bayelsa State Commissioner for trade

The Bayelsa State Commissioner for Trade and Commerce, Otokito Federal Oparmiola, has been kidnapped by unknown gunmen. Gunmen allegedly kidnapped...
- Advertisement -spot_imgspot_imgspot_img

Oyo set to re-introduce school governing boards

The last administration headed by Senator Abiola Ajimobi introduced school governing boards in all public secondary schools in the...

Oritsedere Otubu takes over as chairman of EKEDC board of directors

Oritsedere Otubu has been named chairman of the board of directors of the Eko Electricity Distribution Company (EKEDC). The declaration...

Must read

Man sentenced to life imprisonment after impregnating 15-year-old daughter

Ekpo Lawrence, 42, was convicted and sentenced to life...

Price of oil surpasses $90 per barrel, first time since 2014

Brent oil exceeded $90 per barrel on Wednesday, reaching...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you