Leni Gas & Oil plc announce update on Initial Flow Rate GY-665, Goudron Field

Leni Gas & Oil plc announce update on Initial Flow Rate GY-665, Goudron Field

LGO is pleased to announce that well GY-665 at the Goudron Field in Trinidad has undergone a series of initial production tests from the Gros Morne Sandstones resulting in a calculated open-hole flow rate of 700 barrels of oil per day (“bopd”) and is presently producing 41 degree API water-free oil at a rate of 415 bopd through a 12/32″ choke with a well-head flowing pressure of 475 psi.
Neil Ritson, LGO’s Chief Executive, commented:
“The second of our new wells is now on stream at a very encouraging initial production rate and flowing pressures. The remaining three wells drilled from this pad will be placed on production shortly. Well Services Rig 20 is being moved to the next pad to drill four further wells in the development program.”
GY-665 is the second well put on production in the Company’s approved 30 well redevelopment at the Goudron field. An interval of 256 feet of Gros Morne sandstone was perforated between 2,073 and 2,630 feet measured depth and is flowing under natural pressure. After a series of tests over a period of 30 hours with varying choke sizes the current stabilised flow rate is 415 bopd on a 12/32″ choke with a well-head flowing pressure of 475 psi, without sand or water production. Flow tests are continuing in order to collect the required data needed to optimize the long-term reservoir management of the well.
Fiscalisation of the oil from these tests is immediate with the well flowing directly to the field’s oil sales system, and by pipeline to the Petrotrin Point-a-Pierre refinery.
The Altech-2 work-over rig is now being moved to the second of four wells drilled on this pad, GY-666, to commence completion activities and we also expect to produce that well from the Gros Morne sandstones in the next week. Logging results obtained at GY-666 suggest that similar production characteristics could be expected as seen in GY-665.
The Well Services Rig 20 drilling rig is currently being moved to Drilling Pad 3 where it will drill four more development wells; GY-669 to 672.
Source: Leni Gas & Oil plc
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