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Mart Resources provides May 2012 production


Published Jun 15, 2012
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Mart Resources announces operations update-Spotlight

Mart Resources, Inc. and its co-venturers, Midwestern Oil and Gas Company Plc. and SunTrust Oil Company Limited provide an update on Umusadege field production and drilling operations.

Umusadege field production during the month of May 2012 averaged 10,613 bopd. Umusadege field downtime during May 2012 was 3.2 days, mainly due to shut downs required to install a new metering system at the Agip flow station.

The average field production based on producing days was 11,834 bopd. Average daily production in May 2012 was slightly lower than in April 2012 due to reduced export pipeline capacity allocated to the Umusadege field. Total crude oil deliveries into the export storage tanks from the Umusadege field for the month of May, adjusted for estimated pipeline losses, were approximately 329,000 bbls.

Tags: Mart Resources



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