According to a press release by Range Resources (Range), they are very pleased with the production results from the latest well which, according to the company, is one of the best producing wells drilled by Range in recent years in Trinidad.
Yan Liu, CEO, Range Resources, is referring to a successfully drilled well located at the Beach Marcelle field which has been effectively put into production and is flowing at a stabilised rate of 120 barrels of oil per day.
The GY 684 well was drilled to a total depth of 4,300 feet in December 2017. The release also stated that Range is very encouraged by the results from the two wells drilled at the Beach Marcelle field in the last 12 months and that the Lower Gros Morne Sands in these wells appear to be better developed than anticipated.
The release also mentioned that the company is focusing on production growth from the ongoing waterflood programme and seeing a steady increase in oil production from it.
Production from the waterflood programme has been increasing over the last months, with 40 per cent of current production now attributed to waterflood. The growth in waterflood production has offset the decline in primary production at the Morne Diablo field. Two of the company’s waterflood projects are currently in production — the southeast area of Beach Marcelle field and the Morne Diablo field.
According to the press release, the waterflood programme will be expanded, and Range has been undertaking initial preparatory work (including injectivity testing) on other parts of its acreage and is planning to expand its waterflood programme to other areas of the Beach Marcelle, South Quarry and Morne Diablo fields. Initial work is expected to commence towards the end of 2018 and into 2019.