Maha Energy targets onshore Brazilian ramp-up
The operator is expanding its footprint in the country’s northeast and has drilling plans for the Middle East
Onshore-focused Brazilian independent Maha Energy may have been knocked off course by production disruptions in Q2, but the Sweden-headquartered operator is still sticking to its annual output guidance of 4,000-5,000bl/d oe.
Power outages and setbacks at the company’s core Tie and Tartaruga fields, in the Reconcavo and Sergipe-Alagoas basins respectively, caused company production to slide by 14pc compared with Q2 2020. “The Tie field was the main culprit for our reduced production numbers for the quarter,” explains Jonas Lindvall, Maha CEO.
4,000-5,000bl/d oe – 2021 production guidance
And some doubt that lost barrels over the first half of the year can be offset. “We previou
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