LGO confirms that the Company has now signed a contract with Well Services Petroleum Company Limited (Well Services), Trinidad's largest drilling contractor, for the drilling of the first seven wells of the planned 30 well development drilling programme at the Goudron Field.

The contract envisages the use of Well Services' Rig 20 which is anticipated to be mobilised to the field as soon as practical. Drilling site preparation, along with required road improvements, are already underway.

As outlined in the Company's press release of 22 January, the first well, H-18E J-7, lies within an area of the field where unrecovered oil is expected to be present in the Gros Morne and Lower Cruse sandstones. The Lower Cruse at a depth of 2,800 feet sub-sea is the primary target of the well, which will then be deepened to ensure all potential productive horizons are intersected. The second well has similar objectives. Further wells in the initial seven well programme will be designed to utilise the drilling capability of Rig 20.

Tags: Leni Gas & Oil Plc