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Byron cheers strong GoM output

Operated platform off Louisiana enjoys strongest performance since August 2018

Australian junior Byron Energy has enjoyed it strongest month of production in nearly a year from its operated South Marsh Island Block 71 (SM71) platform in the US Gulf of Mexico.

Byron revealed Wednesday that output had averaged 3250 barrels of oil per day and 4.4 million cubic feet of gas per day during June, the highest level since August 2018.

The platform has produced more than 1.5 million barrels of oil and 2.3 billion cubic feet of gas since coming online in March last year and Byron noted that the primary D5 reservoir was yet to produce any water.

Byron achieved full project payout in January this year and the facility has experienced less than 1% downtime since production commenced, with the exception of pipeline related downtime.

“There are few other oil and gas regions in the world where a small company, such as Byron, can compete and achieve such a profitable project in this short period of time,” Byron chief executive Maynard Smith said Wednesday.

“Byron will continue to focus solely on the shallow waters of the Gulf of Mexico using cutting edge geophysical and geological data for the foreseeable future.”

The SM71 development has the capacity to produce up to 4500 bpd of oil and 5 MMcfd of gas via a manned platform.

Byron operates SM71 in a 50:50 partnership with fellow Australian company Otto Energy.

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