Cleansweep oilfield starts production

South Australian based oil exploration and production Company, Stuart Petroleum Limited says that the Cleansweep Oilfield has commenced production and is online at an initial rate of 120 barrels of oil per day.

The Managing Director of Stuart Petroleum, Mr Tino Guglielmo said, “Production from the Cleansweep Oilfield will provide a valuable increment to Stuart’s production, which totaled over 80,000 barrels of oil during January.

The Cleansweep Oilfield is the first to commence production within Cooper/Eromanga Basin licence area PEL 100 and follows Stuart’s farm in to the area during 2007.

Early Production commenced using Stuart’s Modular Production Facility and a low cost rental pumping system. The pumping capacity of the facility will be upgraded once the reservoir performance is established. The well completion design and the modular nature of the facility enable rapid upgrades at low cost.

Production rates will be monitored before completing an assessment of potential reserve additions.