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Coastal Energy drills Songkhla A-04 well to 2,976 m
2009-10-28 07:07 MT - News Release
Mr. Randy Bartley reports
COASTAL ENERGY ANNOUNCES RESULTS OF SONGKHLA A-04 DEVELOPMENT WELL
Coastal Energy Company has completed the Songkhla A-04 development well on block G5/43 in the Gulf of Thailand.
The Songkhla A-04 well was drilled to a total measured depth of 9,765 feet (2,976 metres) and logged approximately 100 feet (31 metres) of net pay with 20-per-cent porosity in the Lower Oligocene primary reservoir. Completion casing has been run and the well has been completed with a submersible pump. The well is currently testing over 4,500 barrels of per day with less than 1-per-cent water cut.
Randy Bartley, chief executive officer of Coastal Energy, commented: "We are very pleased with the initial results of the A-04 development well. Total production from the Songkhla A facility is now over 8,000 bopd, despite the A-02 and A-07 wells being shut-in. We are currently performing workover operations to investigate the source of the water cut on A-02. We will then drill one more water injection well, the Songkhla A-06, and then move the rig to the Songkhla B exploration prospects. We expect to be on location at Songkhla B in mid- to late November.
"A hydraulic workover unit will be mobilized to Songkhla A once the rig leaves location. The workover unit will be used to repair the pump on A-07 as well as install larger capacity pumps on A-01 and A-03."
We seek Safe Harbor.
Excellent new development and nice timeline to start the workovers. Hopefully there are no issues this time round.