As operator of the SW1A Joint Venture, Pacific Tiger Inc told Carnarvon initial production from Phase Two wells should be 500 bopd, with this figure growing to 700 bopd once installation of permanent facilities and equipment optimisation are completed.
"This is expected to occur within December and represents a near quadrupling of oil production capability for the field. No significant additional capital expenditure is required to achieve this," Carnarvon said in a statement to the Australian Stock Exchange.
Carnarvon said Pacific Tiger's conclusion has been derived from results from the recent well testing program. Carnarvon Petroleum has a 40% in the joint venture while Pacific Tiger Inc has a 60% stake.
