LONDON -Harbour Vitality has began manufacturing on the Tolmount gasoline subject within the British North Sea, a supply near the corporate stated on Monday.
Harbour operates and holds a 50% stake within the subject together with Dana Petroleum.
The sphere, whose start-up was initially deliberate within the first quarter of the yr, is expecte to achieve peak manufacturing of 40,000 barrels of oil equal per day (boed).
Harbour Vitality took possession of the sector as a part of its takeover of North Sea rival Premier Oil final yr. Its output will assist Harbour attain its 2022 manufacturing goal of between 195,000 and 210,000 boed.
The corporate downgraded Tolmount’s reserves earlier this yr.
Tolmount’s begin up was first reported in a observe by Jefferies analysts.
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