Leni Gas & Oil's Drilling Update On Goudron

By Joseph R. Fonseca
Tuesday, June 10, 2014
Leni Gas & Oil - Operation underway


Leni Gas & Oil (LGO) informed today that well GY-665, the second of 30 new development wells, has now intersected 687 feet of gross oil bearing sands in the Gros Morne formation, the primary target of this well, from 2,006 feet to 2,693 feet.

At 10 am (Trinidad time) yesterday, the well had reached 2,750 feet at the base of the Gros Morne sandstone member of the Moruga Formation and, due to the high quality of Gros Morne hydrocarbon indications already encountered, the decision has been made to shorten the planned total depth of the well at the current depth and to avoid any operations risks which would be associated with deepening the well into the secondary targets and in order to accelerate the time frame to production.
The well will now be electrically logged and cased, and completed as a Gros Morne producer.  Net pay will be confirmed by means of electric logging, however, the Company is confident that this will be comparable to the nearby GY-664 well completed last month.  The previous plans to intersect the Lower Cruse will be carried over to one of the other three wells to be drilled from this well site.
Well GY-665 is approximately 800 feet south-west of the first new well, GY-664. GY-665 is the first of four planned wells from the same drill pad.  Wells GY-664 and GY-665 are separated by a known fault zone with GY-665 structurally shallower.  The first new well, GY-664, continues to produce at a steady rate and pressure through a 6/32-inch choke and has now been tied in by flow line to the newly refurbished Tank Battery #207.
The Company has already reported that GY-665 intersected a net oil pay in the Goudron sandstones of at least 270 feet in the interval 590 to 1,440 feet. This net oil pay has been confirmed by independent petrophysical consultants from the electric logs taken from surface to first casing point at 1,606 feet.
In the light of the results in the current drilling campaign the Company has initiated arrangements to mobilize a second drilling rig to the Goudron Field in order to accelerate the drilling of additional wells.   Additional information on this will be provided as soon as it is available.
Neil Ritson, LGO's Chief Executive, commented, "The results of these first two wells begin to validate our geological models and give the Company greatly increased confidence in accelerating the redevelopment program.  Indications whilst drilling in the Gros Morne in the second well are sufficiently encouraging to recommend that this well be completed at that level without deepening to the secondary Lower Cruse target.
The results of modern electric logs acquired so far in the Goudron sandstones strongly suggest that there is greater net sand than was previously thought and this is likely to increase the previously estimated oil-in-place.  When combined with improved drilling techniques we believe that greater potential exists in the Goudron sandstone and hence the decision to look at mobilization of a second drilling rig."

Maritime Reporter October 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


US Shipowner Creates Fund for Families of Missing El Faro Crew

The owners of the cargo ship El Faro that sank after it was trapped in the path of Hurricane Joaquin off the Bahamas last week announced the creation of a family

Coast Guard Foundation Raises $250,000 for Scholarships

The Coast Guard Foundation, a nonprofit organization committed to the education and welfare of all Coast Guard members and their families, announced today that

Newport News Shipbuilding Converts to Natural Gas

Huntington Ingalls Industries (HII) announced today that its Newport News Shipbuilding division has converted its steam-generation plant from heavy fuel oil, also known as Bunker C,


Sea Truck's DP3 Construction Ship Passes Sea Trials

Sea Trucks has completed sea trials of the DP3 offshore construction vessel Jascon 18 in Singapore. Jascon 18 features a 1,800-metric-ton crane, 1,800 sq m deck and a 750-metric-ton pipelay system.

NMEA Award for Simrad HALO Pulse Compression Radar

Simrad HALO Pulse Compression Radar has been awarded the Technology Award at the 2015 National Marine Electronics Association (NMEA) Conference and Expo in Baltimore, Md.

HMAS Melbourne Intercepts 427kg Heroin

HMAS Melbourne’s crew has seized 427 kilograms of heroin hidden in a fishing dhow carrying the illegal drugs across the Indian Ocean. The intercept occurred

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3549 sec (3 req/sec)