LGO has announced that its second new development well, GY-683, in the 2017 drilling campaign on the Goudron Field in Trinidad has successfully reached a total depth of 1,250ft.
LGO is an oil and gas company with reserves, resources and onshore production in Trinidad.
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Intepretation of electric log of the Mayaro Sandstone target interval has indicated the presence of oil.
It has been decided to perforate and place on production 269ft of the best net oil pay within the Mayaro reservoir.
Casing has now been run and Rig#18 will shortly be shifted to enable a workover rig access to the well, which will allowit to perforate and put the well to production.
LGO chief operating officer Fergus Jenkins said: “I am pleased to confirm that drilling and completion work has progressed entirely to plan and that the anticipated net oil pay is present and will shortly be placed on production.”
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By GlobalData“Currently we have a further three wells fully approved and are assessing the best contracting strategy for the drilling of those and future Mayaro wells.”
Well GY-682 was completed in mid-March, perforated more than 273ft of net pay interval and produced at an initial rate of 55 barrels oil per day.
Production is continuing as expected from GY-682.
Three additional wells have been now approved by the Ministry of Energy and Energy Industries as part of the ongoing development, which saw 45 wells receive environmental approvals.
LGO is currently analysing the drilling performance to date and determining contracting strategy for the next batch of wells as it intends to double field production by end of this year.
