Neil Ritson CEO of LGO Energy gives Goudron update

Neil Ritson, LGO’s Chief Executive, commented: “This is the first time that such extensive testing has been undertaken on C-sand wells in the Goudron Field and the process has yielded a great deal of very valuable information for the future development of the field.”

LGO Energy has told DirectorsTalk about its operations at Drilling Pad 4 in the Goudron Field in Trinidad.  A total of 506 feet of C-sand pay was perforated across the three wells and all three wells have produced oil to surface.  Wells GY-672, 673 and 674 were tested in reverse order.  The tests on GY-672 are continuing whilst the preliminary results of tests on GY-673 are being used to determine how best to balance production and reservoir management. The tests on GY-674 have been completed, and production will commence once surface facilities are in place.

 

The production testing carried out on well GY-674 has provided the anticipated engineering information. The well delivered a natural flow rate of approximately 240 barrels oil per day (“bopd”) when flowed with a 8/32-inch choke.  An absolute open-hole flow rate of approximately 500 bopd has been estimated from the test results. 

 

Once the GY-673 data analysis has been completed, we expect that production from that well will be optimized by means of downhole pumping. Initial results from the tests at GY-672 suggest that a downhole pump may also be the most appropriate production approach on that well.

 

Well testing is an integral part of longer term development planning providing vital data on factors such as flow capacity, reservoir deliverability, permeability and completion efficiency. The data obtained will also be valuable in planning for the expected enhanced oil recovery project.

 

In other news LGO also said today that the currently drilling C-sand well, GY-676, is drilling ahead in the 8 ½” section of the well at a depth of 2775ft. Formations that have been encountered in the well so far have come in on prognosis.

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Facebook
    Twitter
    LinkedIn
    DirectorsTalk

    More articles like this

    anglo pacific group plc

    Record V2O5 Production at Maracás Menchen Mine

    Largo Resources (TSX:LGO) announced its third quarter 2019 production results from its Maracás Menchen Mine highlighted by a new quarterly production record of 2,952 tonnes of vanadium pentoxide (“V2O5“) produced at an average global recovery rate2 of

    anglo pacific group plc

    Largo Resources Secures Maracás Expansion Permit in Brazil

    Largo Resources Ltd. (TSX:LGO) announced that Instituto do Meio Ambiente e Recursos Hidricos (“INEMA”) has published the Company’s environmental license (the “License”) for the Maracás Menchen Mine expansion project. As previously announced on April 16, 2018,

    anglo pacific group plc

    Maracás Menchen project update

    Largo Resources Ltd (TSX:LGO) is pleased to provide the following corporate update. In accordance with standard practice, INEMA published confirmation of the renewal of our operating license for the Maracas Menchen Mine (the “Licença de Operação”

    anglo pacific group plc

    Largo Resources Production Increase for Maracás Menchen Mine

    Largo Resources Ltd (TSX: LGO) is pleased to report second quarter 2018 production results highlighting a new average daily production record of 29.4 tonnes of vanadium pentoxide (“V2O5”) produced per day in June. Total production from the

    DirectorsTalk

    Sixth new well for LGO Energy progressing well

    Fergus Jenkins, LGO’s Chief Operating Officer, commented: “Our C-sand drilling program at Goudron continues to progress very well and we are now on our sixth new well in 2015. Drilling times and costs have been markedly reduced

    DirectorsTalk

    LGO Energy first three wells final flow rates coming shortly

    LGO is today told DirectorsTalk that its latest development well, GY-675, at its flagship Goudron Field development in Trinidad, reached total depth at 3,660 feet measured depth (“MD”) on 30 June 2014. Electric log interpretation from

    DirectorsTalk

    LGO Energy Key 3p Zone Holding Ahead Of 5p Retest

      LGO Energy (LSE:LGO) is a sentimental charting choice from my perspective since at the 0.6p and with a bull flag in October 2012 the possibilities of single penny stocks – on the upside – first

    DirectorsTalk

    First Energy Capital join the 2,000 BOPD LGO Energy PLC team

    LGO, the AIM listed international oil production, development and exploration company, has told DirectorsTalkthat it has appointed FirstEnergy Capital LLP as its joint corporate broker with immediate effect.   Neil Ritson, LGO Chief Executive, commented: “We are delighted to