Market Impact: Positive. Condor has commenced commercial production at the Shoba Oil Field in Kazakhstan, with stabilized oil production exceeding 500 bbl/d. It is expected that the Taskuduk production contract will be signed in 4Q16e, thereby resulting in additional commercial production. For 4Q16e, we are forecasting production from Kazakhstan at 731 bbl/d.
26 Sep 2016
COMMENCES COMMERCIAL PRODUCTION AT SHOBA
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COMMENCES COMMERCIAL PRODUCTION AT SHOBA
Capita plc (CPI:LON) | 13.2 0 (-0.9%) | Mkt Cap: 224.7m
- Published:
26 Sep 2016 -
Author:
Darren B. Engels -
Pages:
2
Market Impact: Positive. Condor has commenced commercial production at the Shoba Oil Field in Kazakhstan, with stabilized oil production exceeding 500 bbl/d. It is expected that the Taskuduk production contract will be signed in 4Q16e, thereby resulting in additional commercial production. For 4Q16e, we are forecasting production from Kazakhstan at 731 bbl/d.