Kalrez?s Bula field records higher oil production in Q3 2002
Thursday, October 31 2002 - 11:05 AM WIB
Australian listed oil firm Kalrez Energy Limited said Thursday its oil production for July-September quarter from the Bula Field in Maluku province had reached 48,050 barrels, higher from the previous quarter?s 46,514 barrels.
During the quarter, crude oil flowed at an average of 522 barrels of oil per day, the company said in its quarterly report.
The company said crude lifted and sold in the third quarter amounted to 50,128 barrels at a price of US$25.20 per barrel, resulting in gross revenue of $1,263,175.
Kalrez is 100 percent interest holder and operator of Bula PSC in Seram Island, Maluku. (robert)