Leni Gas & Oil (LGO) has discovered oil at the sixth of its planned 30 new development wells at the Goudron Field in Trinidad.
The GY-669 well, which has been drilled to a measured depth (MD) of 2,390ft, encountered 227ft of net oil pay in the Goudron Sandstones.
GY-669 has encountered the largest net oil pay to date from the six wells that have been drilled to date.
The second largest was measured at 195ft of net oil pay from the GY-665 well, which was completed in June.
The company said the well is now drilling ahead to the primary Gros Morne Sandstone oil target which is expected at about 2,500ft MD.
LGO chief executive Neil Ritson said: "The Goudron Sand has come in on prognosis and is oil bearing as in all previous wells.
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By GlobalData"The new well design, with three casings, is proving valuable in isolating the thin gas stringers in the formation above the Gros Morne Sandstone reservoir and allowing us to drill with optimum mud properties in the main reservoir section, further reducing the risk of formation damage and increasing likely production rates."
LGO’s Trinidad operations include four main assets, namely the Goudron field IPSC, the Icacos oilfield, the Moruga North leases and the Cedros Peninsular leases.
The Goudron oilfield lies between the East Moruga and Beach Marcelle fields in south-eastern Trinidad, with direct access to the Petrotrin oil export pipeline to the Pointe-a-Pierre refinery.
