Green Star Energies has made an agreement with Petrolia Group to develop the California Creek Oilfield in Oklahoma, US.
Under the agreement, Petrolia Group will provide development costs and operational expertise for the project and Green Star Energies will share the improved production revenue.
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The California Creek project, located in North East Oklahoma, has ten producing wells and multiple workover opportunities on three leases that cover approximately 0.9km² with 27 current infield wells.
Current production averages about 300 barrels of oil per month, representing 1.6 million barrels.
Petrolia is evaluating the fields for a thorough workover programme that will include reworks and bring previously abandoned wells online.
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By GlobalData
