north east

China North East Petro Announces Prelim Q4, FY Oil Production and Q4 Drilling Results for Tiancheng

Published on Mon, 02/07/2011 - 10:55
By Stephanie Shyu in Earnings Preview, NEP, barrels, china, commodity, contracts, crude, drilling, earnings, financial, natural, nep, north east, oil, petro, petroleum, production, tiancheng, wells, Earnings Previews

Oil production in Q4 was 161,279 barrels, a 19% increase sequentially from 135,473 barrels in Q3. The total number of wells in production as of December 31, 2010 were 295 compared to 289 wells in production as of December 31, 2009

Its unit Tiancheng, completed drilling contracts for 35 wells with total drilling depth of 61,935 meters (203,199 feet) in Q4.

barrels, china, commodity, contracts, crude, drilling, earnings, financial, natural, nep, north east, oil, petro, petroleum, production, tiancheng, wells

China North East Petroleum (NEP) says crude oil production for the full year 2010 totaled 723,154 barrels, a 20% decrease from 2009.

By Stephanie Shyu
sshyu@fnno.com

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