Anshof Permanent Production Facility Commissioned and Anshof-3 Production Recommencement
Anshof Permanent Production Facility has been successfully installed and commissioned at the Anshof-3 location.
Production from the Anshof-3 well has recommenced
at an initial 134 barrels of oil per day
Key points:
- The Permanent Production Facility (PPF), with a capacity of 3,000 barrels of liquids per day, was successfully installed and commissioned on the 3rd April 2024 at the Asnhof-3 well site. The Anshof-3 well is located in the Anshof Field Area within the ADX-AT-II licence in Upper Austria.
- The Anshof PPF was installed and commissioned safely, on time and within budget.
- Oil production from the Anshof-3 well has recommenced at 134 barrels of oil per day (bopd), with no produced water, representing a 16% increase to the production rate when the well was shut-in in September 2023.
- Recommenement of oil production from the Anshof-3 well substantially increases the Company’s revenue and cash flow generation and allows ADX to take advantage of the improved oil price environment.
Anshof Permanent Production Facility Commissioned and Anshof-3...
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