President Energy Provides Operational Update

Source: www.gulfoilandgas.com 12/23/2021, Location: North America

President Energy, the energy company with a diverse portfolio of energy assets provides an update on its drilling operations in Salta, Argentina and workover in Louisiana.

Highlights
- Well DP-2003 has reached target depth
- Encouraging data from mud logs
- Electric logging to take place over the Christmas period with results expected before new year

Salta drilling
Drilling of the DP-2003 well has reached target depth of 3,228 metres with encouraging mud log data obtained whilst drilling.

Electric logs, which offer much greater and accurate information and analysis, will be run over the Christmas period with results expected to be announced before the New Year.

Subject to successful results of the electric logs, the well will then cased and the rig will move to an adjacent location to drill DP-2002. On current estimations, subject to the above and all factors being equal, this is projected to spud by mid January.

The workover rig to complete the new well is being mobilised from the Neuquén Basin and is due to commence work in Salta in or about the third week of January.

Louisiana
Due to continued down hole issues out of President's control, it has now been determined to plug back the well and perforate the next oil bearing interval which had live oil shows in the logs and cores taken at the time of drilling the well. Due to holidays combined with the continued pandemic in Louisiana where only 50% of the population has been vaccinated this will now take place at the start of January. The previous post workover production prognosis remains valid.


United States >>  8/3/2022 - Sunbridge Energy Services, a provider of clean energy fuels in the Permian region, today announced that its natural gas compression station, located i...
Japan >>  8/1/2022 - On July 31, the coal carrier Ushio, which NYK had ordered from Honda Heavy Industries Co., Ltd., was delivered at the Saiki Shipyard (Saiki City, Oita...

Australia >>  7/28/2022 - On July 11, M.V. COSCO JING GANG SHAN sailed from Qinzhou Port to Australia fully loaded with engineering vehicles made by LiuGong. This is the first ...
France >>  7/28/2022 - GTT has been granted two Approvals in Principle (AIP[1]) from the leading classification society DNV for the design of a membrane type containment sys...

Japan >>  7/26/2022 - NTT Anode Energy Corporation announced a joint research and development project to study safety measures for the mass transportation of hydrogen throu...
United States >>  7/26/2022 - Howard Energy Partners (HEP), through its joint venture, Dos Caminos, LLC ("Dos Caminos"), announced plans to expand its capabilities to gather, treat...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.