latest tui production with a month to go

NZOG has released an update on production from Tui up till May 31st with just June left in this financial year.

Figures are looking good for Tui to reach its targeted full year figure of 4.8 million barrels by the end of June.

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Oil Production Performance to date for FY2010
1 July 09 - 31 May 10: Approximately 4.55 million barrels.
NZOG's share approximately 570,000 barrels.

The current daily production target is around 11,000 barrels of oil.

Tui production began on 30 July 2007. Total oil production to 31 May 2010 is approximately 27.9 million barrels. NZOG's share of total production is 3.49 million barrels.

27.9 mmbbls was the pre-production estimate of recoverable reserves from the Tui area oil fields. This amount has now been produced, with remaining reserves currently estimated to be a further 22.6 mmbbls.
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Obviously PPP's share of production to date in this finacial year is 10% of 4.55 million barrels which would give it 455,000 barrels so far this financial year.

Given 30 days in June and the current targeted daily production target of 11,000 barrels then a further 330,000 barrels could be produced before the end of June.