Oil Producer Afren’s First-Half Output Hit by Slowdown in Nigeria

British oil explorer and producer Afren Plc said first-half output fell 25 percent, hurt by lower share of production at its flagship oilfield in Nigeria, a day after it suspended two associate directors over a probe into unauthorised payments.
Afren, which has interests in oil producing assets across Nigeria and Iraqi Kurdistan, cut itsG full-year production outlook to 32,000 to 36,000 barrels of oil per day (bopd), to account for the suspension of activities at its Barda Rash oilfield in Iraqi Kurdistan.
Net production fell to 33,488 bopd, most of which came from its Ebok oilfield in Nigeria, from 44,712 barrels of oil equivalent per day (boepd) a year earlier.
Source: Reuters

Leave a Reply

Your email address will not be published. Required fields are marked *