LGO Energy Starts Production from New GY-50 Interval

LGO Energy plc announced Thursday that production has now started from a new interval in well GY-50 at the Goudron Field in Trinidad. 

A total of 197 feet of perforations were added to the Goudron Sandstone, also known as the Mayaro ‎Sandstone, at a depth between 1,134 and 1,616 feet, in an interval that has previously not been completed for production in the well, which was originally drilled in 1930.

Well GY-50 was logged through casing with modern electric logs and intervals of clean oil sand in the Mayaro section were selected for perforating. The well was completed using tubing conveyed perforating guns May 11 and will now remain on test production to establish “initial conditions” before being equipped with a downhole pump. Output is expected to be in the region of 50-100 barrels per day.

"A program of low cost well interventions is being pursued at Goudron Field to raise production levels gradually after a period of enforced low activity whilst the Company's finances were put in order following the loss of well GY-678 in late 2015.  Once capital becomes available the Company anticipates the drilling of infill wells in the shallow Mayaro Sandstone where there are a large number of low cost new wells that can be added to the field using the Company-owned heavy work-over rig,” said LGO’s Chief Executive Neil Ritson in a company statement.



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