LGO says that its most recently completed well, GY-670, at the Goudron Field in Trinidad was perforated on 12 December over a 177-foot interval of oil pay in the C-sands and is now flowing at a stabilized, but highly restricted, rate of 1,085 barrels of oil per day (bopd) of 37 degree API water-free oil through a 9/32" choke with a well-head flowing pressure of 1,290 psi. Over the last 48 hours the well has flowed at an average rate of 1,104 bopd. The initial open-hole flow rate calculated for the well exceeds 6,000 bopd.

Neil Ritson, LGO's Chief Executive, commented,"The first of the three wells on Pad-3, and the sixth completion in the eight wells we have drilled in 2014 has provided our best initial oil rate to date. Higher reservoir pressures in this area of the field combined with further improvements in drilling and completion techniques have given us the highest flow rate ever seen in the Goudron Field. Two further wells, GY-671 and GY-699, have yet to be placed on production on Pad-3."

Tags: LGO Energy