Canoro Resources placed the Amguri 10B and Amguri 11 wells on production. Combined gross production from the Amguri field is now able to average approximately 870 bbl/d of condensate and 7.0 mmcf/d of natural gas or 2,040 boe/d. This increases Canoro’s net production capability to approximately 1,225 boe/d from 295 boe/d previously. Water production from Amguri 10B and 11 is less than 1%. These wells were placed on production on January 29, 2008.
The production rates are above current facility limits and gross production is being restricted to 585 bbl/d of condensate and 4.7 mmcf/d of natural gas or 1,370 boe/d (i.e. 820 boe/d net to Canoro) until the constraints are removed. To alleviate these constraints, Canoro is constructing a new 10” gas pipeline with completion expected later this quarter, and increasing capacity at the Moran oil transfer station. With the elimination of these bottlenecks, further production increases are anticipated.
At the present time, Amguri 11 is only producing from one of the three previously tested intervals.
“We are addressing the facilities constraints in the field with the aim towards increasing production from the wells as soon as possible,” commented Les Kondratoff, Canoro’s President and CEO. “This is a great problem to have, and we look forward to more positive developments with the upcoming 10 well drilling program that is planned for Amguri.”
