ABERDEEN-based Eland Oil & Gas has announced a significant increase in production from the Opuama field in Nigeria.
Led by chief executive George Maxwell, Eland said the Opuama 8 well has produced at more than 6,200 barrels oil per day, at the upper half of its previously expected production range of 5,000 bopd to 7,000 bopd.
Production from the four wells on the field is running at around 22,000 bopd.
Separately Faroe Petroleum, which is also based in Aberdeen, said it achieved average production of 14,300 barrels oil equivalent daily in 2017, from its interests off the UK and Norway. That compared with guidance of 13,000-15,000 boed.
Production is expected to be in the range of 12,000 to 15,000 boepd this year.
Faroe noted short term uncertainty on the upside potential of the new wells due to come on stream on the Tambar and Brage fields off Norway, and the duration of the temporary shut in of the Trym field. This followed a pipeline integrity issue on the related production hub.
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