The initial proved and probable reserves for the Tui Area fields have been further increased from 47 to 50.1 MMbbl, following a detailed field re-assessment by the operator, according to development partner, Pan Pacific Petroleum.
Offshore staff
NORTH SYDNEY, Australia -- The initial proved and probable reserves for the Tui Area fields have been further increased from 47 to 50.1 MMbbl, following a detailed field re-assessment by the operator, according to development partner, Pan Pacific Petroleum.
Production for the financial year to June 30, 2009 is now forecast to be 9 MMbbl.
An additional development well is planned and near-field exploration wells are being considered for early 2010.
