Exploration & Production | Operational Updates | Midstream - Transportation & Pipelines | Production Rates
Mart Resources Operational Update
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Mart Resources, Inc. has provided an operations and production update.
Umusadege field production averaged 10,194 barrels of oil per day (bopd) during November 2014 based on calendar days; average field production based on production days was 12,554 bopd during November 2014. Umusadege field net deliveries into the Nigerian Agip Oil Company Limited (NAOC) export pipeline were approximately 294,617 barrels of oil (bbls) in November 2014 before pipeline losses and approximately 235,704 bbls after deducting pipeline and export facility losses estimated by Mart for November 2014 based upon the 12-month rolling average rate of actual pipeline and export facility losses. NAOC export pipeline and facility losses reported and allocated to Mart and its co-venturers for October 2014 were 87,217…Finish this article — free account or subscription
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