Senex Energy started production at its onshore Martlet oil field in Australia’s Cooper Basin Wednesday.
The Martlet-1 well was commissioned in early December, with initial production rates post-commissioning constrained to around 50 percent of capacity to accommodate a significant amount of liquids being produced.
The well, located in the license PEL 104, is currently averaging around 850 barrels of oil per day.
Construction has started on water management facilities that will increase production capacity from the field once they are completed in the second half of 2015.
The Martlet-1 well flow tested at the equivalent of 5,149 barrels of fluid and 2,596 barrels of oil per day from the target Namur reservoir on a short term test.
Australia-based Senex holds a 60 percent operating stake in PEL 104 and Australia-based Beach Energy holds a 40 percent stake.
Senex also reported its wholly owned Hornet Gas Field has been delivering stable flow rates of around 1.3 million standard cubic feet per day with associated liquids on a 25 percent choke since commissioning in November.
The Hornet field is located in the Kingston Rule-1 block.
The company said it expects to deliver “further incremental production” from Kingston Rule-1 from early 2015 following work over of the well.