The LLA-34 Block (55% WI) continues to have significant reserve and production growth potential. The pace of reserve and production growth is dependent on the pace of drilling, which is dictated by the crude oil price. We estimate that 2P reserves growth on the three main fields of the LLA-34 Block could range between 19 mmbbl and 49 mmbbl. This excludes potential connectivity between discovered fields and future exploration drilling. We estimate that Block LLA-34 production could be as high as ....
22 Feb 2016
Block LLA-34 (55% WI) Reserve and Production Growth Potential
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Block LLA-34 (55% WI) Reserve and Production Growth Potential
Parex Resources Inc. (PXT:TSE) | 0 0 1.1% | Mkt Cap: 2,763m
- Published:
22 Feb 2016 -
Author:
Darren B. Engels -
Pages:
8
The LLA-34 Block (55% WI) continues to have significant reserve and production growth potential. The pace of reserve and production growth is dependent on the pace of drilling, which is dictated by the crude oil price. We estimate that 2P reserves growth on the three main fields of the LLA-34 Block could range between 19 mmbbl and 49 mmbbl. This excludes potential connectivity between discovered fields and future exploration drilling. We estimate that Block LLA-34 production could be as high as ....