Afren sees output almost trebling, eyes more deals

Oil and gas company Afren said on Wednesday it expected oil production to almost treble in the coming year thanks to acquisitions and as its Ebok oil field starts production in February.
The company, whose main operations are in west Africa, said it expected net working interest production to average about 40,000 barrels a day in 2011, up from the 14,320 it reported for 2010, but lower than the 55,000 barrels a day it had previously guided for the year.
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Source: Reuters