SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Canadian Oil & Gas Companies

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: RIK who wrote (7642)10/4/2000 6:38:56 PM
From: RIK  Read Replies (1) of 24899
 
Wednesday October 4, 5:11 pm Eastern Time

Press Release

SOURCE: Chevron Canada Resources

Chevron Canada Resources Reports Fort Liard K29 Gas Metering
Discrepancy

CALGARY, Oct. 4 /CNW/ - Chevron Canada Resources, on behalf of their partners Purcell Energy Ltd., Berkley Petroleum
Corp. et al today announced that previously reported natural gas production volumes from its Fort Liard K-29 well, located in
the southwestern Northwest Territories, has been erroneously reported at about 60 million cubic feet per day since September
9, 2000 due to a flow calculation error.

Chevron now calculates the production rate of the well during this time at approximately 85 million cubic feet per day.

Once this discrepancy was discovered on October 3, the flow calculation program was corrected. The gas flow was then
reduced to the nominated volume of 60 MMSCFD. When the gas flow was reduced, there was a reduction in the water
production and water salinity, and an increase in wellhead pressure.

The impact of this change will be to correct the water/gas ratio for this period to be about 9-10 BBLS/ MMSCF at 85
MMSCFD, rather than the reported 13 BBLS/ MMSCF at 60 MMSCFD.

The well was shut-in on October 3, 2000 for routine scheduled corrosion inhibition and restarted on October 4 at a rate of 35
MMSCFD to be ramped up to a nominated rate of 75 MMSCFD by October 6, 2000.

Chevron is investigating means of developing processes to safeguard against an error of this nature in the future.

For further information

Charlie Stewart, Manager, Communication & External Affairs, Chevron Canada Resources, (403) 234-5656
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext