Companies are now laying the groundwork to sharply increase overseas crude oil sales.
Multiphase pumps in use in Moho North Field are qualified for high-viscosity applications.
Total production for the quarter ended Dec. 31 was 289,000 barrels of oil equivalents per day (boe/d), down from 300,000 boe/d a year earlier. Analysts were expecting 271,908 boe/d, according to IBES data from Refinitiv.
The Ram Powell tension leg platform is located in 3,200 ft (975 m) of water in Viosca Knoll Area, Block 956, and is capable of processing 60,000 barrels of oil per day and 200 million cubic feet of gas per day.