Operated by Focus Energy Ltd. Location: Minbu SaKu township, Magwe Division. Size: 9 miles (14.4km) long and 1 mile (1.6km) wide. Reserves: Accumulative oil reserves at the field were 157.3 million barrels and 21.8 million barrels (13.9pc) had been extracted by October 2005. Recoverable reserves are 7.7 million barrels. Production: Daily oil production is 607 barrels. Highest production: Peak production was a massive 10,359bpd that was reached during 1986. History: The oilfield was discovered in 1978 by MOGE. A Modified Performance Compensation contract was signed between Focus Energy Ltd and MOGE in July, 1997, to boost oil production.
Posted on: Mon, 22 Jul 2013 07:02:14 +0000