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Oando Energy Adds 20 MBOE/D in 2015
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Oando Energy Resources Inc. has announced financial and operating results for the three and nine months ended September 30, 2015.
Key Financial and Operational Highlights In the third quarter of 2015 production increased to 4.9 MMboe (average 53,169 boe/day) from 3.2 MMboe (average 35,307 boe/day) in the third quarter of 2014. During the nine months ended September 30, 2015 production increased to 15.1 MMboe, compared with 4.1 MMboe in the same period of 2014. The increase between the 2015 and 2014 year-to-date periods is primarily the result of the Nigerian onshore and offshore assets acquired on July 30, 2014 from the ConocoPhillips Company (COP Acquisition) that included substantial production from OMLs 60 to 63, significant reserves and resources, and a considerable base of…- ✓ Full news archive — U.S., Canada & international coverage
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