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Bankers Petroleum's Production Dips to 15,934 BOPD in 2Q
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Bankers Petroleum Ltd. reported its second quarter operational update.
ProductionBankers achieved a second quarter 2016 production average of 15,934 barrels of oil per day (bopd), 8.2% below the first quarter 2016 average of 17,363 bopd. Following a previously announced business interruption at the Petrolifera Italo Albanese Terminal port facility in late May, the Company curtailed production by approximately 4,000 bopd for 5 days due to lack of storage capacity. Production was brought back on-line beginning June 8 and resumed production levels within a week. In addition, maintenance and optimization of the water disposal system during the quarter further restricted production (approximately 300 bopd over the quarter). The Company continued to optimize production levels and monitor…
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