Supply & Demand

Rockhopper sees 92% rise in Greater Mediterranean output

Rockhopper registered a 92% increase in oil and gas production in the Greater Mediterranean in H1 2017.
By Staff reporter 7 September 2017 0 27487

Rockhopper registered a 92% increase in oil and gas production in the Greater Mediterranean in H1 2017 and reduced its cash operating costs in the area by 44% compared with the same period last year, the company said in a note on Thursday.

Revenues from the Greater Mediterranean increased by 74% on an annual basis, to $5.1 million, and Rockhopper plans to further boost production and cash flow.

“In our Greater Mediterranean portfolio, we have benefitted from a material increase in production and revenue following the acquisition...