Mizar Eridanus Energy announces 340,000 bpd peak production milestone

Consolidated production across the four producing blocks has reached 340,000 barrels of oil equivalent per day, a 28% increase on the prior year and ahead of 2026 guidance.

The increase follows the tie-in of new gathering infrastructure and the return to production of wells that had been shut in for workover during the previous cycle.

The company reaffirmed its full-year outlook and said the plateau rate is expected to be sustained through the remainder of the year.