Sumatec sees Rakushechnoye oil output to reach 1,500 barrel a day by end of March


KUALA LUMPUR: Sumatec Resources Bhd said it was informed by its partner CaspiOilGas LLP (COG) that oil production at the Rakushechnoye oilfield in Kazakhstan will reach 1,500 barrels of oil a day (bbl/d) by end of March.

Another 1,000 barrel bbl/d can be added to the oil production after the completion of 12 well workovers by end of August, the company said in a filing with Bursa Malaysia today.

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