Providence Resources has successfully completed drilling operations on the L99/02-SWD (SNX-10) development well at its Singleton Field in the Weald Basin, onshore United Kingdom. This new development well was drilled to a total measured depth (MD) below rotary table of 13,001 ft (4,158 ft true vertical depth subsea) using the Larchford Drillmaster 1 drilling rig.
The SNX-10 development well targeted two Middle Jurassic intervals which form the primary reservoirs for the Singleton Field. Initial
The SNX-10 well is currently being completed for production and will be brought on-stream over the coming 4-6 weeks at which time the
Current production from the field is c. 500 BOPD and c. 1.2 MSCFGD* (c. 700 BOEPD) from six wells. Providence holds a 99.125% interest and operates the Singleton Field, with Noble Energy holding the remaining 0.875%.
Speaking today, Tony O'Reilly, Chief Executive of Providence, said, "This is a great result for Providence. The drilling of the SNX-10 well is an important technical achievement for Providence, demonstrating our ability to effectively target reservoir sweet spots utilizing complex geological modeling in tandem with extended reach well design. The initial review of the well data suggest better results than had been anticipated, though we will need to bring the well into production before we can confirm whether the flow rates will exceed our pre-drill modeling. We are now moving forward to complete the well and bring it into immediate production.
"We are particularly pleased with this well as it represents the first major activity in our field re-development programme at Singleton and
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