Afren on track for production

Afren has highlighted its production prospects in the buzzing Kurdistan oil sector as it said it was on track to meet its year-end target rate for output on an anticipated ramp up at its key Nigeria field. Afren said its production could rise by as much as 15,000 barrels of oil equivalent per day (boepd) during the first half of 2012, as it brings fields in the Kurdish part of Iraq onstream and rides a wave of heightened interest in the region since oil major Exxon Mobil signed a deal on Friday.