Interra Completes Drilling at YNG 3258 Well in Yenangyaung Oil Field

Interra Resources Limited (the Company or Interra) reported that its jointly controlled entity, Goldpetrol Joint Operating Company Inc. (Goldpetrol), has completed development well YNG 3258 in the Yenangyaung oil field in Myanmar as an oil producer.

Interra has a 60 percent interest in the Improved Petroleum Recovery Contract of the Yenangyaung field and also owns 60 percent % of Goldpetrol which is the operator of the field. Since the well was drilled using Goldpetrol’s LTO 350 rig, costs were comparatively low. Interra’s share of the cost of drilling was funded from existing funds on hand.

YNG 3258 was drilled as a southeast offset to oil producing well YNG 3260 in the central portion of Yenangyaung field to a depth of 2,594 feet. The primary objective is to accelerate production from the oil reservoirs that produce from the several wells in this fault block. Following production testing, YNG 3258 has been completed at 60 barrels of oil per day through casing perforations over 40 feet covering six reservoirs.

YNG 3258 marks the eighteenth well to be completed as oil producer in Myanmar in 2013.


Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Field Operator - Casper, WY
Expertise: Field Service Tech|Rig Mechanic|Wireline
Location: casper, WY
Solids Control Technician
Expertise: Field Service Tech|Floorhand / Roughneck|Mud Engineer / Drilling Fluids
Location: Mississippi
Expertise: Roustabout
Location: Cotulla or Carrizo Springs, TX
search for more jobs

Brent Crude Oil : $53.05/BBL 3.35%
Light Crude Oil : $49.43/BBL 3.38%
Natural Gas : $2.5/MMBtu 1.21%
Updated in last 24 hours