Oil and gas company Sky Petroleum Inc., which has an office in Austin, announced Monday that its Mubarek H2 well in the United Arab Emirates has produced nearly 25,000 barrels of oil since drilling began in May.

Sky Petroleum (OTCBB: SKPI) is a partner in the Mubarek project with Crescent Petroleum Company International Ltd., which is operating the well.

Sky Petroleum will receive $588,356 this month from its first allocation of production revenue on Mubarek H2. The proceeds represent the sale of 15,873 barrels of oil per the partnership’s production agreement.

Aside from Austin, Sky Petroleum has offices in Calgary, Alberta, and Dubai in the United Arab Emirates.