Incremental Petroleum’s fully owned Selmo Oilfield returned to full production on 21st January, when the last remaining well with frozen flowlines was returned to production.

Production over the last seven days has averaged 1,478 net barrels. Deferred production in January caused by the extreme weather is about 5,000 barrels, with an additional 2,500 barrels estimated to be deferred in December.

In contrast with much of Europe, night time temperatures at Selmo have remained substantially below zero for over a month, with daytime temperatures often also below zero.

The ground is still frozen in many areas. The application of new equipment purchased over the last year, plus continued efforts from our Selmo staff have minimised the disruptions to production.

A new meteorological forecasting company has been contracted in the expectation that greater notice of severe weather conditions can be provided in coming winters.