Latin America-focused energy company Echo Energy has seen its Santa Cruz Sur field reach the highest quarterly production levels of 2022 in the fourth quarter.
The asset in which Echo holds a 70 percent interest, reached an aggregate of 532,302 boe (net to Echo Energy) for the year 2022. The overall production included 101,574 bbls of oil and condensate and 2,584 MMscf of gas.
During the fourth quarter of 2022, net liquids production averaged 298 boepd whilst net gas production averaged 7.3 MMscf/d. Net daily production averaged 1,522 boepd during the quarter. The combined fourth quarter 2022 oil and gas production levels were the highest quarterly levels achieved in 2022 and reflect the measures undertaken under the company’s Production and Infrastructure Enhancement Plan to improve infrastructure.
Echo Energy plc (LON:ECHO) is a full cycle, exploration led, oil and gas focused AIM-listed E&P with an exciting asset base in Latin America.