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Makori East oil production has recovered to 15,874 bbl/d

Sanie Khan
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oil dropMakori East oil production has recovered to 15,874 bbl/d

  1. As per PPIS data reported yesterday, oil production from the Makori East field fell to 12,400 bbl/d in Oct 2014 from 15,676 in Sep-14. An approx. 3000 bbl/d reduction has a significant negative impact of 4.0% on POL’s FY15 earnings, if production continues at the lower rate.
  2. However, the latest weekly production data, upto 2nd Dec 2014 shows Makori East oil production has recovered to 15,874 bbl/d.

 

Sanie Khan

Sanie Khan holds a deep knowledge of the financial markets in Pakistan. Based in Karachi, he has over 20 years of hands-on management experience in financial technologies and managing operations in the financial sector. He was the General Manager at the Pakistan Stock Exchange (PSX) for 17 years. He along-with senior members of Exchange

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