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Caspian Sunrise announces contract with an international oil trading group for sale of first 29 000 bbls of oil

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Oilfield Technology,

Caspian Sunrise has announced that a contract has been signed with an international oil trading group for the first 29 000 bbls of oil to be sold in September, by reference to world oil prices.

The price will be fixed on loading by reference to the prevailing Brent oil price. We expect to receive approximately double the amount the oil would have sold for on the domestic market.

Additionally, work has commenced to prepare the ground for the first four of the planned 10 infill wells at the MJF structure.

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