22nd May 2015 06:57
LONDON (Alliance News) - LGO Energy PLC Friday said it has completed drilling the GY-674 well on the Goudron field in Trinidad, and said electric log interpretation has confirmed the presence of recoverable hydrocarbons.
The company said the electric log interpretation from both the Goudron and C-san intervals in the GY-674 well have confirmed the presence of hydrocarbons, with an estimated net oil pay in the Goudron sandstone of 650 feet and a net hydrocarbon pay in the C-sand of 140 feet.
The GY-673 well, on drilling pad four, is still being drilled and is the second of seven wells that will be drilled in 2015. Following the drilling of the GY-674 well, the services rig 70 will be moved to drilling pad five where it is expected that four further C-sand wells will be drilled.
"Our 2015 drilling campaign is now in full swing and we are seeing results in line with our plans. First production from these three Pad 4 wells is now anticipated to be achieved in June. Additional drill pads for the drilling of further C-sand wells are now being prepared and additional environmental approvals are being sought that will allow the current 30 well program to be expanded to at least 60 wells," said Chief Executive Neil Ritson.
By Joshua Warner; [email protected]; @JoshAlliance
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