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LGO Energy latest Gourdron field well comes online

GY-683 is the second of an initial programme of up to ten infill wells slated to be drilled in 2017 and early 2018.
Oil worker in LGO Energyy's Trinidad operations.
Production started at 80 bopd

LGO Energy PLC (LON:LGO) has confirmed that its second new well at the Goudron field has come online, adding 80 barrels to daily oil production.

The GY-683 well was completed on April 9 and the company says it is free flowing - i.e. it flowed the oil without pumping - yielding an initial rate of 80 barrels of 55 degree API oi, with initial well-head flowing pressure of 40 psi (through a 7/64-inch choke).

According to LGO, the well’s production will in time stabilise to around 65 bopd.

WATCH: Chairman Neil Ritson on why he's pleasantly surprised with GY-683 production ....

LGO chief operating officer Fergus Jenkins said: “As with the first well GY-682, this second well has come in ahead of the average expected for initial production rate, giving confidence that the new drilling campaign is on track to substantially increase production from Goudron over the year. 

“The initial free flowing dry oil nature of the well suggests a high quality reservoir and higher than anticipated inflow rates which is a very positive outcome."

GY-683 is the second of an initial programme of up to ten infill wells, slated to be drilled in 2017 and early 2018. Each well is budgeted to have initial production of 45 bopd.

Approvals are already in place for the next three wells in the campaign and it is presently working to sign off drilling contracts before starting the next batch (of between three and five wells).

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