OSLO (Thomson Financial) - PA Resources said the three well drilling program has been completed and the production of oil has started from one of the wells at the El Bibane field offshore Tunisia.
Stockholm-based PA, which has a 25 pct stake in the field, said oil production started last week from the well, but rates have so far been variable due to a combination of factors.
'The peak daily production rate thus far is approximately 1,400 barrels of oil per day (of which net 350 bopd to PA Resources),' the firm said, adding that it expects production levels 'to rise considerably over the coming weeks'.
alastair.reed@thomson.com
ar/jlc
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Via [Forbes]
