Afren to ramp up 2012 output

Afren’s shares fell more than five per cent yesterday, despite the firm forecasting a rise in average output to 42,000-46,000 barrels of oil equivalent per day this year – up from 19,200 boepd in 2011. It said yesterday the commissioning and ramp up of all 14 production wells associated with the initial phases of the Ebok field development had been successfully completed.