BAS
Bass realises significant 20% uplift in daily field output at onshore oil production assets in South Sumatra
Release Date: 4 April 2018 Highlights
Latest optimisation work results in significant increase in Sumatran oil field output
20% uplift in daily field production to 650 BOPD at Indonesian Tangai-Sukananti KSO with further gains expected over coming weeks
Since acquisition of the Tangai-Sukananti KSO in February 2017, Bass, as Operator, has made significant improvements to the production performance of the asset and possesses the skill base to replicate this success in potential acquisition opportunities in the region
Australian oil producer, Bass Oil Limited (ASX:BAS) has announced a substantial 20% uplift in field output at its oil producing Tangai-Sukananti KSO, in Indonesia’s prolific South Sumatra Basin.
This lifts the Company’s 2018 daily field output from 550 barrels of oil per day (bopd) earlier this year, to a current 650 bopd, with further gains of between 150 to 250 bopd expected over coming weeks.
The significant production uplift is a direct result of the successful completion of field optimisation work pursued by Bass over the past six months. The majority of the uplift and anticipated future uplift in production has resulted from the flow line debottlenecking from the Bunian-3 well.
As previously reported, the 2-7/8” diameter Bunian 3 flowline was identified as significantly restricting production capacity from this well. The flow line was replaced with a larger 4- 1/2” flowline. The new line was commissioned in mid March.
Removing this restriction has doubled the flow capacity from this well from 350 bopd up to approximately 700 bopd. The well is currently producing 450 bopd with production to be gradually increased to its maximum during April.
- Forums
- ASX - Short Term Trading
- XAO
- Short Term Trading Week Starting: Tues 3rd Apr
Short Term Trading Week Starting: Tues 3rd Apr, page-135
-
- There are more pages in this discussion • 190 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XAO (ASX) to my watchlist
(20min delay)
|
|||||
Last
8,529.5 |
Change
38.000(0.45%) |
Mkt cap ! n/a |
Open | High | Low |
8,491.5 | 8,547.7 | 8,491.5 |
Featured News
XAO (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, Managing Director & CEO
Charles Armstrong
Managing Director & CEO
SPONSORED BY The Market Online