Forecast - Production | Capital Markets | Capital Expenditure | Drilling Program - Wells | Drilling Activity | Capital Expenditure - 2017 | Drilling Program
Colombia-Focused Parex to Drill Up to 120% More Wells in 2017
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Parex Resources has detailed its 2017 production and capital budget guidance (US$).
OverviewParex has a robust asset portfolio that allows for a growing and a self-funded business model. Assuming a full year 2017 Brent oil price scenario of approximately $50 per barrel ("bbl"), our 2017 production and capital budget guidance is as follows:
Full Year Production: 34,000-36,000 bopd 2017 average production of approximately 34,000-36,000 barrels of oil per day ("bopd"), an increase of 15-22% over our expected 2016 full year average production rate of approximately 29,600 boe/d; Maintaining a production split that is greater than 99% crude oil; Based on the current evaluation of our existing portfolio of development and exploration opportunities, Parex anticipates production growth…- ✓ Full news archive — U.S., Canada & international coverage
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More Capital Expenditure - 2017 News
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