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The Warsaw Voice » Business » January 21, 2014
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Serinus upstream increases output by 54pct in 2013
January 21, 2014   
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Poland’s oil and gas upstream firm Serinus Energy produced 1.49 million boe of hydrobcarbons in 2013 or 4,100 boe daily, a 54% annual increase, and eyes a 30-35% output increase in 2014, Serinus said in a market filing.

"Total production for the year 2013 from Serinus' producing assets in Ukraine and Tunisia reached approximately 1.49 million boe, for an average rate of 4,084 boe/d, an increase of 54% when compared to the average production rate of 2,656 boe/d achieved during the 2012 fiscal year," Serinus said.

Average production in December alone measured approximately 4,986 boe/d, up 61% y/y, the filing also showed.

The realization of the 30-35% 2014 output growth target will depend on Tunisian assets, acquired in June 2013, Serinus said.

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