Erin Energy


Erin Energy hit with losses during second quarter

Erin Energy was hit with a net loss of $9.2million in the second quarter of the year. The company said following tie-in of the Oyo-8 and Oyo-7 wells oil production had averaged 7,642 barrels per day. Erin Energy said it generated revenue of $15.3million from crude lifting in July and received an additional $26.5million as advance payment for a scheduled August lifting of Oyo crude this month.