Weekly Drilling Report December 1, 2022

Source: www.gulfoilandgas.com 12/2/2022, Location: Europe

WELL: West Akcakoca-1

Spudded November 26, 2022. Days since spud: 5

Week Summary:
Uranus Rig repositioned on the northern side of Akcakoca Platform
West Akcakoca-1 well drilling started November 26th
Drilling 17 ½” surface hole

Further Activities:
Finish 17 ½” surface hole for West Akcakoca-1 well
Skid Rig over Guluc-2 slot and start drilling Guluc-2 well

A number of investors have asked, “why is it when a well tests 7 MMcf/d, you put it on production, say at 3.5 MMcf/d”. The reason is that the testing of a well is usually at close to atmosphere pressure, whereas, during production, there is a higher back pressure in the pipeline and process equipment. In addition, the test number is based on 32/64” choke size, whereas the well put on production with a smaller size, 20/64”. The long-term production targets and parameters are taken into account to define the optimum flowrate. It should also be noted that the well head flowing pressure of each well should be adjusted in a way to allow the optimum flow from all the wells when there is more than one well flowing in to production pipeline. It is the producing pressures which are critical in defining the MMcf/d production.

Trinidad and Tobago >>  1/26/2023 - Trinity Exploration & Production plc (TRIN), the independent E&P company focused on Trinidad and Tobago , announces that the Company has progressed it...
Germany >>  1/24/2023 - Neptune Energy today announced drilling has begun at its operated Adorf Z18 gas production well in the municipality of Georgsdorf, northwestern German...

United Kingdom >>  1/24/2023 - Angus Energy (ANGS) announces that the drilling programme at Saltfleetby is likely to be extended by approximately 14 days as a consequence of drillin...
Colombia >>  1/23/2023 - Canacol Energy Ltd. ("Canacol") (CNEC) is pleased to provide details on the following three discoveries, as well as information concerning its near ...

Turkey >>  1/20/2023 - WELL: Guluc-2

Spudded December 10, 2022. Days since spud: 40
Progress: 0
Measured Depth: 3199 metres

Week Summary:
United States >>  1/19/2023 - Zephyr Energy plc, the Rocky Mountain oil and gas company focused on responsible resource development and carbon-neutral operations, provides an updat...

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