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In June 2025, Keddington produced a total of 992 barrels of oil over 23 days, with an average of 10.4 hours of pumping per day and a gross flow rate of 43 barrels daily, the company said. MORE FROM THIS AUTHOR Paul Anderson Writer OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! 700K Industry Pros can’t be wrong.
Independent producer Ithaca Energy has bought a further 46.25% stake in the Cygnus gas field from Spirit Energy for a purchase price of 116mn, it said in a stock exchange statement May 20. Ithaca said it saw the potential for significant upside potential through further infilldrilling beyond the next three approved wells.
The field is currently being developed through three production wells ensuring a stable output of 8,500 barrels of oil equivalent per day (boe/d) with an upstanding ramp-up in less than four months. The post Agiba Develops Iris Field in Record Time Producing 8,500 boe/d first appeared on Egypt Oil & Gas.
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