Kalrez? oil production slightly up in Q4 2001
Sunday, February 10 2002 - 11:13 PM WIB
Australian oil firm Kalrez Energy Limited reported on Friday that its crude production from Bula oilfield in Seram, Maluku for October-December quarter was 49,907 barrels, up from 47,545 barrels for the previous quarter, while crude oil lifted and sold within the quarter amounted to 88,493 barrels at an average of US$16.13 per barrel resulting in gross revenue of US$1,427,721.
At the end of the quarter the company held in storage inventory, of 20,259 barrels of oil. The next lifting is scheduled for March 2002.
Kalrez is the operator and 100 percent participant in Bula PSC. (alex)