LGO Boosts Production at Goudron Field in Trinidad

LGO announced Wednesday that production has started from a new interval in well GY-671 on the Goudron field in Trinidad. 

A total of 208 feet of perforations were added to the well’s Upper C-sand reservoir after setting a packer to isolate this zone. This particular sandstone interval had previously not been completed in any of the surrounding wells. After initial clean-up operations, the well flowed at rates of up to 240 barrels oil per day, before being choked back to a natural stabilized flow rate of 80 bopd.

The well will now remain on production, complementing the base level of production on the field which averaged 403 bopd during March.

LGO's Chief Executive, Neil Ritson, commented in a company statement:

"We are delighted to have located a number of low cost recompletions at a time when the company remains capital constrained, but when oil prices have stabilized and we can take advantage of reduced overriding royalty rates granted recently.  

“Well GY-671 is the first of at least six candidate wells to be targeted to boost production and we are hopeful we will be able to report further significant improvements as a result of these operations. The next well is GY-50 which is expected to be completed next week over a 164-foot interval of previously unexploited net oil pay in the Goudron Sandstones."



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