Exillon ramps up production in March

Russia-focused oil producer Exillon Energy produced an average of 11,785 barrels per day during March, better than average output the month before but still well off its full-year target.

The company is focused on two regions, Timan-Pechora (Exillo TP) and West Siberia (Exillon WS), which produced 3,261 bbl/day and 8,525 bbl/day, respectively.

Total average produced was 11,584 bbl/day in February.

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On the day when production reached its maximum in March, peak daily production was reported as 12,177 barrels.

Last month, the compared pushed back its 17,000 barrels-a-day production target from June 2012 to the end of the year. "This delay has been caused by a number of operational difficulties, including slower than expected mobilisation of rigs," the company said in its 2011 full-year results.

The group is planning on drilling a total of 23 wells across both projects in 2012.

BC