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Production and reserves records are huge ticks says i3 Energy CEO

Production and reserves records are huge ticks says i3 Energy CEO

Oil and gas producer i3 Energy recently announced its Canadian business had hit a record output of 20,000 barrels a day while reserves had also hit a record.

Majid Shafiq, chief executive, said the higher production was down to constant activity, looking at wells to optimise them and good housekeeping generally.

Doubling reserves meanwhile is a huge tick for i3, he adds, as it was without much drilling, which starts in earnest this year.

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