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Source: www.gulfoilandgas.com 5/4/2012, Location: Africa
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Cove Energy plc together with operator Anadarko Petroleum Corporation (“Anadarko”), is delighted to provide the results of its second flow test of the Barquentine-1 well at the northern end of the Prosperidade gas complex in the Rovuma Basin Area 1 block, Offshore Mozambique (“Area 1 Rovuma Offshore”).
Testing of the Barquentine-1 well flowed gas at an equipment constrained rate of approximately 100 million cubic feet per day (MMcf/d), with minimal pressure drawdown, targeting a deeper Oligocene sand formation than previously tested Barquentine-2 in March.
This flow test result further supports future development well designs capable of 100 to 200 MMcf/d and confirms the high deliverability of the reservoir, indicating that a low density of development wells may be sufficient to produce the reservoir. The flow tests are an important component in the reserve certification process as the partnership focuses on achieving FID (final investment decision) around the end of 2013.
John Craven CEO of Cove Energy commented;
“I am very pleased to announce the continued value being added to the Prosperidade gas complex with the second successful gas flow test from the Barquentine-1 well in Area 1 Rovuma Offshore, re-iterating the high quality gas reservoirs from this discovery.
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