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Monday, July 10, 2023
PetroNor E&P reports that for the first half of 2023 average gross production of 30,330 bopd has been achieved (subject to final allocation adjustments). This is equivalent to 5,105 bopd net to PetroNor on a working interest basis and represents an increase of 16% over the previous half year in 2022.
The company states that field performance was supported by strong contributions from the six infill wells on Litanzi and Tchibeli NE drilled in 2022.
As reported on 12 June, infill drilling restarted in late May 2023 with an initial focus on the Tchibeli field. The program is progressing ahead of schedule with the first two wells now drilled to planned total depth and currently being completed for production. First oil from these wells is expected during August. An additional two infill wells on Tchibeli are planned to follow this year.
As reported on July 6, PetroNor lifted and sold 270,000 bbls (net entitlement production) on June 26, bringing total sales for the year to 833,266 bbls. The realized sales price was $72.1 per barrel.
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