Leni announce Goudron Drilling and Infrastructure Update
LGO today announces that the fourth of its planned Goudron development wells, GY-667, was successfully spudded yesterday at 1530 hrs T&T time and is now drilling ahead in the Goudron Sandstones.
The well is being drilled as a deviated hole from the same well pad as used for the recently drilled wells GY-665 and GY-666.
Well GY-667 has a planned total depth of 3,600 feet true-vertical depth (“TVD”) (equivalent to 3,840 feet measured depth) to a bottom-hole location that is approximately 590 feet south east of the surface location. The primary target of this well is the Gros Morne sandstones, the top of which are anticipated at a depth of approximately 2,180 feet TVD. The well will also investigate the reservoir potential of the Lower Cruse at this location.
Further announcements will be made once the main reservoir targets have been drilled.
Separately, final approvals have now been received for the construction and installation of a new 2,000-barrel sales tank and construction contracts have been awarded. The new tank will be installed at the Goudron Field’s oil sales point at Tank Battery Station 134 and will be adjacent to the two existing sales tanks increasing total daily export capacity equivalent to approximately 2,750 barrels of oil per day. It is anticipated that the new tank will be commissioned to coincide with the completion of the four wells being drilled on the current well pad; of which GY-667 is the third.
Negotiations for a second drilling rig are actively being progressed with a variety of different options emerging. It is planned to retain Well Services Rig 20 for at least a further six wells and no decision has yet been taken on the choice of the second rig.
Neil Ritson, LGO Chief Executive, commented:
“The 30 well drilling campaign continues to advance extremely well and we are making considerable progress in learning about the geology and drilling characteristics of the field. That knowledge is being used to optimize the development and we anticipate both cost and timing efficiencies will continue to be made through the remainder of the program. The addition of an optimally specified second rig remains an objective for the third quarter. ”