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Home / News / Oil Gas

KrisEnergy expects adverse impact on revenue due to lower production from the Apsara wells

OIL & GAS

KrisEnergy expects adverse impact on revenue due to lower production from the Apsara wells

Felicia Tan Published on Wed, Apr 28, 2021 / 6:38 PM GMT+8

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KrisEnergy says the estimated ultimate recovery from the five development wells in the Apsara oil development is “likely to be a small fraction” of the pre-development estimates due to significantly lower volume of hydrocarbon-in-place connected to the wells.

The underperformance is also attributed to the geographical complexity resulting in smaller oil accumulations.

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