Production Restored at Icacos Field, Trinidad

Junior producer Leni Gas and Oil reported Monday that production has been fully restored at existing wells on the Icacos field, while also being enhanced by the reactivation of a previously-dormant well on the field.

Leni said that wells IC-1 and IC-3 have been successfully worked over. IC-1, the main producing well in the field, was worked over in order to repair a defect in its production tubing and is now contributing approximately 20 barrels of oil per day. Well IC-3, which was dormant for several years, is now producing at a gross rate of five bopd.

Field production is expected to stabilize at approximately 40 bopd during the next week. Leni has a 50-percent stake in the field's production.

Leni Chief Executive Neil Ritson commented in a company statement:

"Although Icacos is only a small part of our portfolio in Trinidad we are delighted that production has now been restored and that the addition of a further well is contributing to the field's profitability."

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