Houston-based Frontera Resources Corp. has updated the results of well stimulation efforts at its Taribani Field on Block 12 in Georgia, just south of Russia.

During the last week of April, operations to apply artificially induced fractures to objective reservoirs within the Dino #2 well as part of the continuation of Zone 9 development operations at the Taribani Field have been successfully completed. A ten-meter oil-producing reservoir interval was hydraulically stimulated at a depth 2,300 meters.

These “frac” completions are designed to enhance well flow-rates and ensure sustainability of production. Production tubing is currently being installed in the well after which it will be placed into controlled production testing over the next thirty to sixty days in order to determine optimal sustainable flow rates.

The workover rig and frac equipment will now be mobilized a short distance within the Taribani Field from the Dino #2 location to the T-#45 location for a frac pac completion in Zone 9 at a depth of approximately 2,400 meters.

In addition, plans to drill the Taribani South #1 well have been rescheduled. It is now planned to drill this well using the new rig that is currently being procured for the Lloyd #1 well. It is anticipated that drilling would commence during the third quarter of 2008 following the completion of Lloyd #1 operations.

"With the successful application of the first of two planned frac completions at the Taribani Field, we are pleased to be progressing with the development of Zone 9 amidst a strong commodity price environment,” said chief exec Steve C. Nicandros in a statement.

The Taribani Field is a large, undeveloped oil field covering 80 square kilometers and holding up to 118 million barrels according to an outside estimate.

Tags: Frontera Resources Corporation