Press

Matra Petroleum AB: Operational Update

Posted by OilVoice Press - OilVoice

17-Oct-2018


Matra Petroleum's total oil and gas production*, gross, in the third quarter 2018 increased by 25% to 76,814 barrels of oil equivalent ("boe") (Q2 2018: 61,530 boe). The average daily production increased to 835 barrels of oil equivalent per day ("boepd") (Q2 2018: 676 boepd). In early October, gross daily production reached 1,000 boepd.

In 2018, 16 new production wells have been drilled to date, out of which twelve have been put on production. Four wells are scheduled for completion later in October.

Consolidated oil and gas production, gross

 

Oil

Gas

Total

Average daily production

 

(bbl)

(MCF)

(boe)

(boepd)

Q1-18

28,621

145,530

52,876

588

Q2-18

32,020

177,061

61,530

676

Q3-18*

39,113

226,204

76,814

835

 

* preliminary numbers, based on estimated shrinkage in processing

Third quarter 2018 financial results will be disclosed on 23 November 2018.



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