Rocksource Reports Increased Production From US Subsidiaries for September
Posted on: Wednesday, 8 October 2008, 09:00 CDT
Rocksource has announced that the September 2008 production from its US subsidiaries averaged 2,290 barrels of oil equivalent per day, compared to the production of 769 barrels of oil equivalent per day in September 2007.
The September 2008 production was effected by hurricane Ike. Rocksource said that it managed to maintain production throughout the hurricane, though at lower rates due to operational challenges associated with lack of electricity and minor damage to the facilities.
The new production well originally planned for July drilling has been spud, and is expected to reach target depth in late October 2008. The second rig contracted for the exploration drilling is expected to spud in late November or early December 2008.
Jacob Sannes, CEO of Rocksource US activities, said: "Hurricane Ike is the most severe hurricane to hit southeast Texas in the last 25 years and has caused very serious damage. We have been very lucky not to suffer more serious damage to personnel or facilities and credit for this is first and foremost due to the excellent work done by our production manager and his field operators."
Source: Datamonitor
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