Gulf Oil and Gas accountACCOUNT

PetroTal Announces Successful Bretana Development Well

Source: www.gulfoilandgas.com 4/10/2019, Location: South America

PetroTal, the TSX-V and London AIM listed Peruvian oil and gas company, has announced that the BN 95-2-2-2XD oil development well, which commenced drilling operations on February 26, 2019, has reach total depth.

The well is being completed as a producer in the Vivian formation in the northern portion of the Bretana structure. This is the second oil well in the first phase of development of the Bretana oilfield. The well was directionally drilled to approx. 3,040 meters total depth. Initial logs indicate a total gross oil column of 24 meters with estimated net oil pay of 18.7 meters, in line with the Company's expectations. The indicated oil water contact in the well was in direct correlation to the other four wells previously drilled in the field.

Once completed the well will be placed online, expected in approx. one week. The Company will provide details on flow rates with the fourth quarter and year-end earnings release scheduled for the week of April 22, 2019.

The discovery well, which came online in mid-2018, is producing in line with management's expectations at an average of 950 - 1,000 barrels per day and has accumulated over 260,000 barrels of oil produced to date.

Manolo Zuniga, President and Chief Executive Officer, commented: 'We are pleased that the operations team was able to drill this well on time and on budget.

This is a testament to the entire team from drillers, to contractors, to our corporate social responsibility team who worked tirelessly to ensure safe and efficient operations.

The well logs provide an early indication that the reservoir is as we expected, with good oil shows in the mud logs and good indications from the full suite of logs obtained. We expect this well to be online within the week and then we will proceed with drilling the BN-95-3H development oil well.'

Development News in Peru >>

United Kingdom >>  8/15/2019 - C-Kore Systems have completed another successful deployment in the North Sea, on the Greater Guillemot Area field, with the help of the C-Kore subsea ...
Iran >>  8/4/2019 - National Iranian Oil Company (NIOC)’s Exploration Directorate signed four agreements with Iranian universities and knowledge-based companies for resea...

Kazakhstan >>  7/30/2019 - JSC NC “KazMunayGas” (KMG), the Ministry of Energy of the Republic of Kazakhstan and Total E&P Kazakhstan signed a Memorandum of Understanding in digi...
Russia >>  1/29/2019 - Gazprom Neft has won a licensing round for subsoil prospecting, exploration and production rights to the Severo-Stakhanovsky, Novoromanovsky and Puhut...

Russia >>  1/29/2019 - LUKOIL President Vagit Alekperov and Governor of Yugra Natalya Komarova signed a Cooperation Agreement between the company and the region for 2019-202...
United States >>  1/29/2018 - Byron Energy Limited (BYE) is pleased to advise that the Byron operated OCS-G34266 #F3 well (F3) on South Marsh Island Block 71 (SM 71), was drilled t...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Peru Oil & Gas 1 >>  2 |

Oil & Gas Projects in Peru >>

More News

Related Links

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