New production wells for PA Resources
Posted: 31 July 2008
The hook-up of the production well EBB-3 in the El Bibane field offshore Tunisia has been completed and test production of oil has commenced.
On the Ezzaouia field, the drilling of the production well Ezzaouia-17 has been completed.
The oil- and gas group PA Resources has 25 per cent participating interest in El Bibane and 13.6 per cent interest in Ezzaouia.
El Bibane
The operator Candax Energy Inc. has today announced the completion of the hook-up of EBB-3 - the third and final of the three development wells in the El Bibane field offshore Tunisia. The completion was delayed, as commissioning of the gas compressors took longer than anticipated. EBB-3 has been on test production since late last week under natural flow.
Production is not yet stabilized as the oil production rates are increasing as the well continues to clean up; the latest oil production from the well is over 1,000 barrels of oil per day.
The oil production also includes significantly higher levels of condensate which has been separately tested at approximately 70 barrels per million cubic feet of gas, which is almost double the ratio anticipated.
Further announcements on production rates will be made once stabilized production is achieved according to the operator.
"The hook-up of the well EBB-3 is an important step in the development of the El Bibane field as all new production facilities has been put into operation and the work can now be concentrated on optimizing the production," said Ulrik Jansson, President and CEO of PA Resources.
PA Resources has a 25 per cent participating interest in the El Bibane license. The operator Candax Energy has a 75 per cent participating interest.
Ezzaouia
On the Ezzaouia field onshore Tunisia, the production well Ezzaouia-17 well has been successfully drilled and is currently being completed.
Temporary testing and production equipment to enable fast track production has been mobilized by the operator. The Ezzaouia-17 well encountered all of the producing Jurassic zones, in the main Ezzaouia field, and all of which were interpreted as oil bearing. Net pay of approximately 20 metres was identified, with characteristics similar to previous wells drilled at the Ezzaouia field.
"The new oil from the El Bibane field and the Ezzaouia field, will contribute to a raised oil production for us in a time of high oil sales prices, which is good news," said Ulrik Jansson, President and CEO of PA Resources.
PA Resources has a 13.6 per cent participating interest in the Ezzaouia-license. Operator is ETAP (55 per cent) and the other partner is Candax Energy (31.4 per cent).
Posted by Richard Price, Editor, EnergyME.com
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