Maha Energy has announced preliminary unaudited net production data for June 2023 for the Papa Terra and Peroá clusters in Brazil and for the Illinois Basin in the US.
* Note: The information included hereunder relates only to Maha’s entitlement on Peroá and Papa Terra clusters’ production, considering its indirect participation interest on said assets. It was calculated based on the information made public by 3R Petroleum. The production from Peroá and Papa Terra clusters will not be consolidated in Maha’s financial reporting.
Maha has an indirect working interest of 15% in the Peroá cluster and 9.375% in the Papa Terra cluster, with 3R Petroleum Offshore S.A. being the operator.
The Peroá gas cluster is located in the Espírito Santo basin, offshore Brazil, in shallow waters. The Peroá cluster includes the Peroá and Cangoa producing fields, as well as the Malombe discovery.
Papa Terra is a heavy oilfield located in deep waters in the Campos Basin, approx 100km offshore the coast of the State of Rio de Janeiro, Brazil.
Maha is the operator holding 97% working interest in the Illinois Basin. In addition, Maha is also the operator of LAK Ranch in USA. The LAK Ranch heavy oil asset was shut in 2020, but incidental oil is occasionally produced as a result of testing and/ or maintenance activities.
Maha is also the operator of Block 70 in Oman with 65% working interest, where production testing is currently being performed. Maha intends to publish a separate press release with an update on the progress of the production testing in Oman later in July.
Source: Maha Energy
