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million barrels per day (bbl/d), exceeding its quota within the OPEC+ group of oil producers, as Reuters reported. million bbl/d, which takes into account Kazakhstan’s tons per barrel ratio of 7.5. Million bbl/d, Exceeding OPEC+ Quota first appeared on Egypt Oil & Gas. from January to 1.83
For 2025, we remain focussed on three principal objectives: maintenance of a strong balance sheet; resilient cash generation from the core business; and the addition of new assets. Tawke production currently realises only around $35/bbl, which is well below relevant reference benchmark oil prices. Production costs (17.6) (18.0)
share) at US$70/bbl WTI Free Funds Flow: $550 million Net Debt: Maintained under $1 billion with a 0.3x Maintenance capital efficiency improvements ensure sustainable production growth. billion Funds Flow: $1.65 billion ($2.81/share) Debt/EBITDA ratio Dividends & Share Buybacks: Base dividend of $0.73/share
Bbl UP $2.22 Furthermore, on September 5, FGT announced maintenance work beginning on September 6, which is expected to last until September 8. The unscheduled maintenance is on the larger of the two units located in Mississippi at Tennessee Carnes Interconnect, upstream of FGT Compressor Station.
Danny Wesson Through a lower share count, lower cost structure, and quality inventory, our breakeven oil price for the same free cash flow dropped $9/bbl from last year. Vicki Hollub Operations President Richard Jackson added: Weve had a great failure reduction… downhole maintenance rigs dropped over 30% over the last two years.
Production Breakdown: Oil volumes: 78,675 Bbl/day (58% of total production), up 12.1% million, adding 2,275 net acres 2025 Outlook and Strategic Positioning NOG reaffirmed its 2025 annual guidance, aiming to produce between 130,000 135,000 Boe/day with oil accounting for 75,000 79,000 Bbl/day. TWh , the same as Q1 2024.
Operational & Financial Strong safety track record, with Zero Lost Time Incidents for over 880 days Gross average production of c.44,900 Operational & Financial Strong safety track record, with Zero Lost Time Incidents for over 880 days Gross average production of c.44,900
bbl, with prices stabilising in a range of c.$27-$28/bbl 27-$28/bbl in H2 2024 2025 year to date (to 18 March 2025) gross average production of c.46,400 bbl (2023: $40.9/bbl) bbl) Gross operating costs per barrel decreased 21% to $4.4/bbl bbl (2023: $5.6/bbl), bbl (2023: $40.9/bbl) bbl (2023: $5.6/bbl),
US President Trumps visit to the Middle East has the potential for significantly impacting oil markets, according to energy consultancy Rystad Energy Brent oil is hovering around US$65/bbl, buoyed by progress made on US-China trade negotiations, which have also eroded some demand side pessimism.
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