|GNPOC Oil Production Piercec 320,000 BPD Mark|
06 August, 2004
The oil production by GNPOC has created history on 31 July 04 with production of above 327,000 BPD. The average production was in the range of 260,000 BPD when OVL acquired 25% stakes in the project on 12th march 2003. The maximum production potential of the field has been enhanced to 333,000 BPD and with the existing facilities it is expected that we will be able to maintain the production level in the range of 320,000 BPD during the balance 5 months of the year. The pipeline capacity has also been augmented to the tune of 310,000 BPD.