Petrolifera's a-1061 well flows 1,643 bbl/d
2007-08-09 15:34 ET - News Release
Mr. Richard Gusella reports
PETROLIFERA ANNOUNCES TEST RESULTS AT PUESTO MORALES 1061 WELL IN ARGENTINA
Petrolifera Petroleum Ltd. has provided test results for its RN.PM a-1061 well on the central lobe of the Puesto Morales North field in the Neuquen basin, Argentina.
On test, the well flowed 35 degrees American Petroleum Index (API) crude oil at a rate of 1,643 barrels per day (bbl/d) through a 50-millimetre choke and at a rate of 1,490 bbl/d on an 18-millimetre choke, both with no water, from a lower set of perforations in Sierras Blancas zone approximately 17 metres thick, based on log analysis. The company plans further testing of the zone through an upper set of perforations. The outcome of the well is expected to impact the overall aerial extent and reserves associated with the central lobe.
It is anticipated the well will be placed on stream as a flowing well with an initial rate of approximately 1,000 bbl/d, increasing current oil production to over 8,000 bbl/d. The company is presently drilling three wells, two offsetting the prolific 1027 well on the northern lobe of Puesto Morales, and one on the Rinconada block (1006). Also, the 1033 well on the northern lobe remains to be tested which has been cased as an indicated Sierra Blancas oil well with extended pay of approximately 12 metres thick.
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