Interra Completes Drilling at CHK 1188 Well in Myanmar's Chauk Oil Field

Interra Resources Limited (the Company or Interra) disclosed Tuesday that its jointly controlled entity, Goldpetrol Joint Operating Company Inc. (Goldpetrol), has completed development well CHK 1188 in the Chauk oil field in Myanmar as an oil producer.

Interra has a 60 percent interest in the Improved Petroleum Recovery Contract of the Chauk 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.

CHK 1188 was drilled to a targeted depth of 2,705 feet in the Chauk South fault block as a south offset to producing well CHK 1157. The primary objective is to produce oil from reservoirs in this fault block which have not been drained by current existing wells. CHK 1188 has been completed through casing perforations over 10 reservoirs totalling 70 feet for 170 barrels of oil per day.

CHK 1188 is the twelfth well drilled in the Chauk oil field and nineteenth in Myanmar in 2014.


Click on the button below to add a comment.
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
Drilling Manager
Expertise: Drilling Manager|Drilling Superintendent
Location: Dallas, TX
Drill Rig Operator
Expertise: Driller|Drilling Foreman / Drilling Supervisor|Production Operator
Location: Hayward, CA
Tool Pusher
Expertise: Field Service Tech|Toolpusher
Location: Odessa, TX
search for more jobs

Brent Crude Oil : $56.86/BBL 0.76%
Light Crude Oil : $50.66/BBL 0.21%
Natural Gas : $2.959/MMBtu 0.30%
Updated in last 24 hours