Your account already exists. Please login first to continue managing your settings.
Well A-13 in Matra Petroleum’s 100 percent-owned Sokolovskoe oil field in Orenburg should flow 100 barrels of oil per day (b/d), following the installation of surface production facilities and a downhole, electrical, submersible pump.
Fabrication work on the production equipment for Well A-13 has commenced and the major items of equipment are expected to be on site by late February or early March. Production from the well will be restarted shortly thereafter. A workover rig will be brought in and install the downhole pump to maximize production from the well.
Drilling of proposed production Well A-14 and the acquisition of the full-field 3D data are the next steps in fully evaluating the Sokolovskoe oil field before proceeding with a full field development decision.
The company anticipates that the proposed Well A-14 will confirm the presence of patch reefs that are expected to exhibit much better reservoir qualities and production characteristics than those seen in either Well A-12 or Well A-13, which are located on the flank of the field.
The company believes the proposed Well A-14 to be relatively low-risk as it is located at the top of the structure, is up-dip of proven oil in Well A-12, which flowed 960 b/d on test and is located near Well 309 on the adjacent permit, which flowed at 1,850 b/d on test.
If the proposed Well A-14 is successful, Matra believes it could add up to an additional 10 million barrels to the company's contingent resources.
Completion of a full field 3D seismic survey planned for the first half 2012. This survey will assist in confirming the full extent of the Sokolovskoe structure and in locating future drilling locations particularly in the northeastern part of the field.