Singapore-listed Interra Resources Limited reported Monday that its jointly controlled entity, Goldpetrol Joint Operating Company Inc. (Goldpetrol), has commenced drilling development well CHK 1184 in the Chauk oil field in Myanmar.
Interra has 60 percent stake in the Improved Petroleum Recovery Contract of the Chauk field and owns 60 percent of Goldpetrol which is the operator of the field.
CHK 1184, which is the fifth well to be drilled in the new development program of directional drilling under the Ayeyarwaddy River in northern Chauk field, is being drilled using hired ZJ 750 rig to a total measured depth of 4,100 feet. The primary objective is to accelerate production from the oil reservoirs that produce from wells in this fault block.
Separately, Interra has started drilling development well CHK 1185 in the Chauk field using Goldpetrol’s LTO 350 rig. CHK 1185 will be drilled to a targeted depth of 2,850 feet as an up-dip offset to producing oil wells with the primary objective of accelerating production from the oil reservoirs of this fault block.
"Interra estimates that the results of the drilling and completion should be available in approximately six weeks," the company said in the press releases.
Meanwhile, Goldpetrol has completed development wells CHK 1181 and CHK 1183 in the Chauk field as oil producers. CHK 1183 and CHK 1181 are the seventh and eighth wells to be completed as an oil producer in Myanmar in 2014.
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