Athabasca Oil, Murphy JV targets 20,000 boe/d of light oil

摘要

Calgary-Athabasca Oil Corp., with a current net production of about 3,000 b/d of oil equivalent from its light oil division in Western Canada, is targeting to increase output to 15,000 boe/d to 20,000 boe/d by 2020, with several new wells to be drilled over the next few years, a company official said Tuesday. “The planned increase in output will largely be price dependent, said Matthew Taylor, AOC’s vice president for capital markets. “At WTI $50/b, investments in our Montney assets pay out in two years.”