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Tuscany International Drilling Inc T.TID



TSX:TID - Post by User

Post by veronikagermanyon Sep 17, 2013 4:00am
281 Views
Post# 21744778

M&P keeps increasing its production in GABON

M&P keeps increasing its production in GABON

M&P's production in GABON in 2013 is higher than 2012, and the upward trend is going to continue in 2014. This is very good news for TID that deploys several rigs in GABON working for M&P and other customers. I quote:


Henin also confirmed the group's 2013 output target for Gabon, Maurel & Prom's main production area, of 27,500 barrels of oil equivalent per day (boe/d), saying "we should be a little above that".

For 2014, Henin said he expected to reach production of 35,000 boe/d in Gabon. This would lead to bottlenecks in the Total pipeline to Cape Lopez which could be resolved using a neighbouring Shell pipeline, the CEO said.


https://news.yahoo.com/frances-maurel-prom-mulls-london-listing-ceo-070607822--finance.html


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