BAS Bass realises significant 20% uplift in daily field output...

BAS
Bass realises significant 20% uplift in daily field output at onshore oil production assets in South Sumatra
Release Date: 4 April 2018 Highlights
 Latest optimisation work results in significant increase in Sumatran oil field output
 20% uplift in daily field production to 650 BOPD at Indonesian Tangai-Sukananti KSO with further gains expected over coming weeks
 Since acquisition of the Tangai-Sukananti KSO in February 2017, Bass, as Operator, has made significant improvements to the production performance of the asset and possesses the skill base to replicate this success in potential acquisition opportunities in the region
Australian oil producer, Bass Oil Limited (ASX:BAS) has announced a substantial 20% uplift in field output at its oil producing Tangai-Sukananti KSO, in Indonesia’s prolific South Sumatra Basin.
This lifts the Company’s 2018 daily field output from 550 barrels of oil per day (bopd) earlier this year, to a current 650 bopd, with further gains of between 150 to 250 bopd expected over coming weeks.
The significant production uplift is a direct result of the successful completion of field optimisation work pursued by Bass over the past six months. The majority of the uplift and anticipated future uplift in production has resulted from the flow line debottlenecking from the Bunian-3 well.
As previously reported, the 2-7/8” diameter Bunian 3 flowline was identified as significantly restricting production capacity from this well. The flow line was replaced with a larger 4- 1/2” flowline. The new line was commissioned in mid March.
Removing this restriction has doubled the flow capacity from this well from 350 bopd up to approximately 700 bopd. The well is currently producing 450 bopd with production to be gradually increased to its maximum during April.