The company said that the monthly average oil production for December was 1009 barrels of oil per day, up 7% over November's record production levels for this KSO. The production increase was attributable to the Bunian 5 well which was brought on-line in November.
"Total field production for the month was 31,265 barrels of oil JV Share or 17,196 barrels of oil Bass share. December oil sales totalled 31,916 barrels of oil JV Share or 17,554 barrels Bass share.
The average monthly realised oil price for December was $66.15 compared with a monthly average oil price of $62.32 per barrel recorded in November. The fields continue to generate positive cash contributions to the business with field operating costs about $20 per barrel," the company said.
Field production increased 7% in December over November levels. Late in the month production was impacted by the pump failure in Bunian 1 which produces over 100bopd. The pump is expected to be replaced with the well being returned to production in early February, Bass said.
"The production facility has been undergoing modifications to allow for the anticipated further increases in production from the Bunian 5 well and other higher water producing wells. The current field producing, processing and exporting limit is approximately 1100bopd while the facilities modifications' continue."