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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

CGX Energy Inc. is a Canada-based oil and gas exploration company. It is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. The Company, through one of its subsidiaries, holds an interest in a Petroleum Prospecting Licence (PPL) and related Petroleum Agreement (PA) on the Corentyne block in the Guyana Basin, offshore Guyana. The Company, through its subsidiary Grand Canal Industrial Estates, is constructing the Berbice Deep Water Port. This facility, located on the eastern bank of the Berbice River, adjacent to and north of Crab Island in Region 6, Guyana, is being constructed on 30 acres with 400 m of river frontage. Its subsidiaries include CGX Resources Inc., GCIE Holdings Limited and CGX Energy Management Corp. It is the operator of the Corentyne block and holds a 27.48% working interest. Its Wei-1 exploration well is located west of the Kawa-1 discovery in the northern region of the Corentyne block.


TSXV:OYL - Post by User

Comment by mrbbon Jul 04, 2023 3:01am
250 Views
Post# 35525364

RE:Question for SheDrills

RE:Question for SheDrills
geomanx02 wrote: Have been in the oil patch for more than 50 yrs and have dealth with drilling and completing wells with a pressure gradient of 1.00 (and a 3 month blowout).  But have never dealth with anything like what CGX is drilling.

Can you offer an explaination of how wells on this concession can be competed when there are so many thin pay zones?  Do not think it economicly feasible to perf a few zones and produce until depleted and then return to cement depleted zones and recomplete in next set of oil bearing intervals.  Very costly operations and risky to continually go in and out of the well bore.

And, do you have an idea of the drive mechanism?  Water.....solution gas?  am thinking SG...

Would you please enlighten me?  

Appreciate whatever comments you can offer.....



Just from your comment, you answered your own question. Very costly operations and risky to continually go in and out of the well bore."  My guess is minimum double digit million $ just to touch the well. So, i doubt an operator would want to deplete a portion of the net pay at a time and go  back recomplete several times. My guess they would perf as much as they can OR have a completion design where they can open and close off certain section at surface using simplier method maybe like hydraulic or gas pressure activation. ALL oil pools deplete with some to completely by SG drive during primary. So it's never wrong to say it's SG drive. 
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