QGEP cuts oil output estimate on Atlanta field due to pump glitch


Brazilian independent oil company QGEP has reduced average daily oil production from its Atlanta field offshore Brazil.

QGEP said on Wednesday that, since the initial production started on May 2, the Atlanta field’s reservoir “satisfactorily corresponded to the company’s expectations.”

However, due to the malfunction of the well pumps immediately after startup, the pumps on the seabed were activated reducing the previously-estimated levels of production.

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