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KrisEnergy Triples Revenue, Boosted by Gulf of Thailand Output

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KrisEnergy, and independent oil and gas firm operating mainly in Asia, saw its revenue triple in the first quarter of 2016. The company said that despite oil falling below $30 a barrel at one point during the quarter, revenue rose to $33 million, as the group saw a full quarter of production from the Wassana and Nong Yao oil fields, which came on stream in August 2015 and June 2015, respectively.


On that note, KrisEnergy’s production averaged 19,014 barrels of oil equivalent per day (“boepd”), 2.5 times higher than in the first quarter 2015 boosted by the above mentioned fields, located in the Gulf of Thailand.


http://www.oilandgaspeople.com/news/8516/krisenergy-triples-revenue-boosted-by-gulf-of-thailand-output/


And one of my favorite clients too!

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