Global Leader in International Production Industry News

posted in:

Pan Orient Energy Corp. announces Thailand L53-DC1 well update

Friday, Feb 01, 2013

Pan Orient Energy Corp. (TSX VENTURE:POE) ("Pan Orient" or the "Corporation") announced on January 23, 2013 that the L53-DC1 appraisal well located in the L53 D East oil field area of Concession L53, had encountered approximately 55 meters of net oil pay (true vertical thickness) in six separate sandstone reservoir intervals based on the interpretation of a full suite of open hole wire line logs, mud log data recorded while drilling and offsetting well data. Production testing has now been completed on the deepest sandstone zone utilizing the drilling rig.

Approximately 2.7 meters of net oil pay in the A4 sandstone zone at 775 meters true vertical depth has been tested. Initial results were the recovery of between approximately 250 to 500 barrels of oil per day with water cuts of between 10 to 40 percent. At the end of the approximately 72 hour test period, the water cut had increased to approximately 100 percent suggesting that the A4 sandstone zone penetrated at L53-DC1 was in close proximity to an oil water contact. The oil recovered from the test of the A4 sand was 13.8 degrees API, yet flow rates observed during testing were surprisingly high for this low API gravity oil due to a high reservoir temperature at this location that significantly reduces the viscosity of this heavier crude oil.

The A4 sandstone zone tested at L53-DC1 represents approximately 7.3 meters of net oil pay of the total estimated 55 meters of net oil pay in the entire well. The drilling rig was used to test the A4 sandstone zone in the L53-DC1 well. Testing of the other five separate sandstone reservoir intervals with a service rig will commence in approximately two weeks.

Source: Marketwire

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other Production News

Dejour sees 60% increase in net production at Woodrush 16-04-2014
Oil and gas drilling and production brought to life 15-04-2014
Platform P-20 resumes production 09-04-2014
Gastar Exploration announces Marcellus shale production temporarily interrupted due to rupture of third party-operated pipeline 09-04-2014
Petrobras starts-up third well at SapinhoĆ” field and registers a new monthly production record in the pre-salt 07-04-2014
Production March 2014 07-04-2014
New Zealand Energy reports 2013 year-end reserves and production update 03-04-2014
Drilling permit for well 7324/7-2 in production licence 537 03-04-2014
February oil and natural gas production 02-04-2014