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Curzon Energy to accelerate production with additional fieldwork at Coos Bay

The oil and gas producer said it believes the additional work will allow access to twice as many “pay zones” as well as shortening the time-frame to commercial gas production
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Individual wells at the project are now exceeding gas production of 10 Mscf per day

Curzon Energy Plc (LON:CZN) said it will begin an additional fieldwork programme to accelerate gas production at its 100% owned Coos Bay Coalbed Methane (CBM) project in Oregon.

The oil and gas producer said it believes the additional work will allow access to twice as many “pay zones” as well as shortening the time-frame to commercial gas production and increasing overall production volumes.

READ: Curzon Energy updates on progress at Coos Bay CBM project

Well work will include approximately 335 ft of new perforations and re-perforation of select existing completions in order to open all identified gas bearing coal seams.

In addition, the company said it will perforate approximately 310 ft of gas bearing conventional reservoir sands to assess their productivity.

Operations to remove bridge plugs are also scheduled to commence in the coming week.

Curzon added that individual wells at the project were now exceeding gas production of 10 thousand standard cubic feet (Mscf) per day and on an increasing trend, with the gas currently produced sufficient to power wellhead pumping equipment.

In parallel to the fieldwork, the company said it was continuing to advance the implementation of a permitted water disposal system, together with gas sales contract negotiations and a pipeline interconnection agreement for future gas sales.

Stephen Schoepfer, managing director of Curzon, said: "We are pleased to see Coos Bay deliver both increasing gas rates and wellhead pressure in line with our expectations and we are now producing sufficient gas to power wellhead pumping equipment, which is a very positive step forward.

He added: “Our next step is to accelerate gas flow and production volumes from Coos Bay by increasing perforations along our gas bearing coal seam zones. In addition, the new perforations we will also perform on gas bearing conventional sand zones will help open up the potential for increased production, and will also help us gain further technical understanding which we can then apply to our phase two development programme."

Shares in Curzon were up 1.3% at 9.3p in mid-morning trading Friday.

--Adds share price--



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