Benaud64,
Sorry, you've got it the wrong way round, 75% water cut, means 75% of all production from the well is now water.
This water cut will continue to increase over time.
Current production is 430 bopd (plus @ 1300 barrels of water).
The same thing will happen with Burruna-3 over time.
The strong water drive in the well should mean that over time a high percentage of the original oil in place, should come to surface, hopefully we'll get north of 40% of the OIIP out of the ground :)
Hope that helps LOTM
Ann: Drilling and Production Update , page-4
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