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Patos Marinza output up 14% in Q1, says Bankers

By BFN News | 01:09 PM | Wednesday 07 April, 2010


First quarter production from the Patos Marinza oil field in Albania averaged 8,282 barrels of oil per day, a 14% increase from the fourth quarter, Bankers Petroleum said today (7 April). Total current production is in excess of 9,500 bopd. Bankers average wellhead oil price for the first quarter was approximately $47.08 per barrel (representing 62% of the Brent oil price), 4% higher than the fourth quarter 2009 price of $45.10 per barrel. Story provided by Business Financial Newswire