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Bass Oil Achieves Record Oil Production at Tangai-Sukananti

Source: www.gulfoilandgas.com 11/8/2018, Location: Asia

Bass Oil has announced that it has produced a record monthly oil production of 27,795 barrels of oil JV share, or 15,287 barrels Bass share, from its Indonesian Tangai-Sukananti KSO during the month of October. This represents an average daily rate of 896 barrels of oil per day.

This is a 7% increase over the previous Joint Venture production record of 26,077 bbls set in October 2015 and a 63% increase over September 2018 production levels of 17,081 barrels of oil Joint Venture share. Bass has a 55% interest in the Joint Venture.

A successful ongoing production optimisation program along with completion of a three well scale remediation program has led to the field producing at full capacity for the past month, realising company expectations. The field is currently producing at a rate of approx. 850 barrels of oil per day.

Bass Managing Director Mr Tino Guglielmo said: 'This production result is a credit to the efforts of Jakarta based and field based teams. It validates our view that the Tangai-Sukananti asset is an excellent foundation asset from which to build our Indonesian business.

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