The Peshkabir-4 well has been placed in production at a rate of 10 mbbl/d. A total of 11 zones flowed between 1.5-7.0 mbbl/d per zone. At the Peshkabir-5 well, four zones have already been tested at 1.5-7.5 mbbl/d per zone. When this well comes on stream in August, the target of 30 mbbl/d gross production at the field is expected to be surpassed. A further four wells will be completed at Peshkabir in 2H18. Genel currently generates Free Cash Flow of c. US$10 mm per month
17 Jul 2018
FLASH: Strong performance at Peshkabir
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FLASH: Strong performance at Peshkabir
Genel Energy PLC (GENL:LON) | 83.2 -0.1 (-0.1%) | Mkt Cap: 232.5m
- Published:
17 Jul 2018 -
Author:
Stephane Foucaud -
Pages:
2
The Peshkabir-4 well has been placed in production at a rate of 10 mbbl/d. A total of 11 zones flowed between 1.5-7.0 mbbl/d per zone. At the Peshkabir-5 well, four zones have already been tested at 1.5-7.5 mbbl/d per zone. When this well comes on stream in August, the target of 30 mbbl/d gross production at the field is expected to be surpassed. A further four wells will be completed at Peshkabir in 2H18. Genel currently generates Free Cash Flow of c. US$10 mm per month