Gulf Oil and Gas accountACCOUNT

President Energy Provides Operational Update in Argentina

Source: www.gulfoilandgas.com 1/11/2017, Location: South America

Share |
President Energy (PPC), the oil and gas exploration company provides the following update on its Argentina operations.

President announces that it has entered into a contract for a workover rig in relation to the forthcoming multi-well workover campaign, the plans for which were announced at the time of the recent placing in November 2016.

The rig is to be provided by Quintana Well Pro S.A. and will be based at and dedicated to the Company’s Puesto Guardian Concession for a period of 12 months, thereby giving the Company significant flexibility in its rolling workover programme. It is expected that the rig will be mobilised to the Concession in the next four weeks after thorough acceptance testing.

First operations will commence in February with workovers of two producing wells which are presently under maintenance, together with the creation of a new water injector in a currently abandoned well. Workovers on old shut-in wells are due to commence during March 2017. The workovers include a frac programme on at least three of the old shut-in wells. The Company reaffirms its target of 1,200 bopd production from Argentina by end summer 2017, as originally announced at the time of the November placing.

Rigs, Coring & Exploration >>

Rigs, Coring & Exploration News in Argentina >>

Brazil >>  10/16/2017 - Spectrum is pleased to announce the commencement of a 6,000 km Multi-Client 2D seismic survey covering the Ceara Basin within the Equatorial Margins o...
Guyana >>  10/5/2017 - Keppel Shipyard Ltd (Keppel Shipyard), a wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured a Floating Production Storage a...

Brazil >>  10/4/2017 - Statoil has signed an agreement to acquire a 40% share in the construction ready 162MW Apodi solar asset in Brazil from Scatec Solar, a Norwegian inde...
Mexico >>  10/4/2017 - Petroleos Mexicanos finalized two new farmouts or partnerships, for the optimization of the development of the onshore fields of Cardenas-Mora and Oga...

Venezuela >>  10/3/2017 - Venezuela has formally invited Egypt to join the OPEC + (OPEC and non OPEC) agreement, as announced by People’s Minister of Petroleum, Eulogio Del Pin...
Brazil >>  9/28/2017 - TechnipFMC (FTI) has been awarded by Statoil an Engineering, Procurement, Construction and Installation contract. It covers the execution of the subse...

Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

Related Articles: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 


Argentina Oil & Gas 1 >>  2 | 3 |

Oil & Gas Projects in Argentina >>

More News

 

Oil & Gas Companies in Argentina >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.