The company also reported a steep rise in after-tax profit from continuing operations, up by 134% to $207 million.
Soco brought the TGT field’s second platform, H4-WHP, on stream a month ahead of schedule in July last year, immediately boosting the field’s production to more than 50,000 barrels of oil per day.
As a result, this substantially improved Soco’s total output and cash flow.
