President Energy Completes First Portion of Workover Campaign

Oil and gas exploration company President Energy announced Friday that the first workover of a previously producing well, DP12 at the Dos Puntitas field in Argentina, has been completed on time and on budget.

The workover of DP12 is said to have gone to plan with minimal non-productive time. The well, which had previously had a leak in the production packer and a faulty Jet Pump Bottom Hole Assembly, has been treated with an acid stimulation and is achieving an initial production in excess of 120 barrels of oil per day, which is in line with expectations, President said in a company statement.

The rig used for the workover has now moved to workover the second of the previously producing wells, DP1001.

"A good start for the warm-up to the 2017 workover campaign where we have successfully broken in the rig provided by our new drilling contractor Quintana, with the new crew and field management team bedding in and working efficiently,” Peter Levine, President Energy chairman, said in a company statement.

“Pleasingly, no performance issues were experienced during drilling relating to the rig, crew or any other of President's contractors,” he added.

Have a news tip? Share it with Rigzone!


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.


Our Privacy Pledge

More from this Author
Rigzone Staff
e-mail us at
 -  ExxonMobil Starts Fuels Production at ... (Sep 21)
 -  How to Become a Safety Engineer (Sep 18)
 -  How to Become a Geologist (Sep 15)
 -  Oil, Gas Industry Leadership Group to ... (Sep 14)
 -  CB&I Wins China PDH Unit Contract (Sep 11)

Most Popular Articles

From the Career Center
Jobs that may interest you
Lead Riser Engineer
Expertise: Project Engineer|Subsea Engineering|Umbilicals, Risers and Flowlines
Location: Houston, TX
United States El Reno: Perforating Specialist, Assoc
Expertise: Perforation|Petroleum Engineering
Location: El Reno, OK
United States El Reno: General Field Engineer - Cased Hole
Expertise: Petroleum Engineering
Location: El Reno, OK
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