Providence Pumps Oil at Singleton Well

Providence confirmed that its Singleton X11 development well has commenced production. This new well, together the recently completed X8v lateral development well, formed part of the company's 2010 drilling program at the Singleton field, onshore UK. The Singleton field is located in the Weald Basin in the south of England and is operated by Providence (99.125%) with partner Noble Energy (0.8725%).

The X11 horizontal development well was recently brought on-stream at an initial rate of c. 200 BOEPD (c. 150 BOPD & c. 300 MSCFGD), which is in-line with pre-drill expectations. The X11 well design has been optimized for stimulation and plans are currently being progressed to carry out an acid fracture operation during Q2/3 2011 to increase production rates further. The X8v dual lateral well is currently being prepared for stimulation. The previously producing X8x section of the well has already been stimulated and it is planned to bring the well back into production in early May.

An updated Singleton third party reserve audit has been carried out by Collarini & Associates, incorporating the results of the 2010 multi-well program. The updated audit reports 7.7 MMBO of 2P net oil reserves at Singleton as of 1st March 2011. This is an increase of 44% in 2P oil reserves when compared to the previous report from 1st January 2010. A copy of the letter from Collarini & Associates summarizing the reserve report will be posted on Providence's website.

Providence will continue the re-development of the Singleton oilfield with further drilling planned in 2011. The company is currently in discussion with rig operators in advance of plans to spud a development well on Singleton later this year.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Account Manger - Levelland/Lubbock, TX Area
Expertise: Customer Service|Production Operator|Well Servicing & Testing
Location: Levelland, TX
 
Sr Reservoir / Production Engineer - Field Engineering
Expertise: Production Operator
Location: Platteville, CO
 
Landman - Midstream Surface Land
Expertise: Production Operator
Location: The Woodlands, TX
 
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours