Iona Energy Inc. is pleased to announce an operational update related to its Huntington Oil Field located in the UK North Sea.
During February 2014, Iona produced on average 5,150 boepd as long periods of inclement weather previously experienced in the region subsided. Net to Iona, February's production levels represent an increase of 54% over the 2013 fourth quarter average and 84% over January 2014 volumes.
The month saw gross Huntington production peak at 34,420 boepd (6,041 boepd net to Iona) with a monthly average of 28,000 boepd (4,914 boepd net to Iona) resulting from minor delays to offloading due to weather. The Voyageur FPSO continues to perform well, having passed its Performance & Reliability Test on March 1st.