Dimensions West successfully tests Bangkudulis No. 1 well
Anyonew following this company???.. any thoughts?.
Dimensions West Energy Inc DWM
Shares issued 11,312,493 Mar 19 close $0.10
Tue 23 Mar 99 News Release
Mr. Ian Lambert reports
The company's majority owned unit, GAT Bangkudulis Petroleum Company Ltd.,
has successfully recompleted and tested a gas zone in the Bangkudulis No. 1
well in the Bangkudulis field, onshore East Kalimantan, Indonesia. GATB
conducted the gas tests after first working over the Bangkudulis No. 1 well
as reported in Stockwatch Nov. 23, 1998.
During the workover the Bangkudulis No. 1 well was recompleted in a 60-feet
thick sand, the B46 sand, at a 4,600-foot depth. The B46 sand flowed gas
when originally tested in 1980 and the purpose of the recompletion was to
obtain gas production for use in gas-lift pumping of four oil zones in the
same well.
After the workover, GATB successfully tested the recompleted B46 sand zone
at a sustained rate of seven million cubic feet per day on 318-inch choke
together with 150 barrels per day of condensate. The well was tested over a
continuous 48-hour flow period and stabilized wellhead flowing pressure was
1,490 pounds per square inch.
Gas analysis indicates that the tested gas is rich in natural gas liquids
and contains only trace amounts of carbon dioxide, nitrogen and sulphur. By
weight the gas is 86 per cent methane and 12 per cent combined liquefied
petroleum gas and naphtha fractions.
Since gas required for the company's planned gas-lift operations need only
be methane, the company is planning to conduct a series of week-long
isochronal tests of the B46 sand gas zone to further assess available
reserves and deliverability.
The tests will be undertaken with a view to justifying the installation of
a gas liquids shipping unit on the Bangkudulis No. 1 well to recover LPG
and naphtha from the gas production stream prior to using the dry gas for
gas-lift purposes.
Ready markets for sales of LPG and naphtha exist near the company's
operations, the LPG for the bottled fuel gas market and the naphtha as a
petrochemical feedstock. Currently local prices for these two commodities
average $1.30 (U.S.) per gallon for the LPG and naphtha fetches a premium
of $3.50 (U.S.) per barrel over market crude oil price. |
