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Monday, July 21, 2025

Leni to grow export capacity

by

20140713

Leni Gas & Oil plc, the Lon­don-list­ed en­er­gy com­pa­ny with op­er­a­tions in T&T, has an­nounced plans to more than dou­ble its ex­port ca­pac­i­ty."Fi­nal ap­provals have now been re­ceived for the con­struc­tion and in­stal­la­tion of a new 2,000-bar­rel sales tank and con­struc­tion con­tracts have been award­ed," the com­pa­ny said in a state­ment on the Lon­don Stock Ex­change (LSE).

"The new tank will be in­stalled at the Goudron Field's oil sales point at Tank Bat­tery Sta­tion 134 and will be ad­ja­cent to the two ex­ist­ing sales tanks in­creas­ing to­tal dai­ly ex­port ca­pac­i­ty equiv­a­lent to ap­prox­i­mate­ly 2,750 bar­rels of oil per day.It is an­tic­i­pat­ed that the new tank will be com­mis­sioned to co­in­cide with the com­ple­tion of the four wells be­ing drilled on the cur­rent well pad; of which GY-667 is the third."

Leni will drill 30 wells on its Goudron acreage near Guayagua­yare. To date, it has found "net oil pay" at all three wells drilled so far. In the oil in­dus­try, "pay" is a reser­voir or por­tion of a reser­voir for­ma­tion that con­tains eco­nom­i­cal­ly pro­ducible hy­dro­car­bons.The over­all in­ter­val in which pay sec­tions oc­cur is the gross pay; the por­tion of the gross pay that meets spe­cif­ic cri­te­ria such as min­i­mum poros­i­ty, per­me­abil­i­ty and hy­dro­car­bon sat­u­ra­tion are termed net pay.

"The 30 well drilling cam­paign con­tin­ues to ad­vance ex­treme­ly well and we are mak­ing con­sid­er­able progress in learn­ing about the ge­ol­o­gy and drilling char­ac­ter­is­tics of the field."That knowl­edge is be­ing used to op­ti­mise the de­vel­op­ment and we an­tic­i­pate both cost and tim­ing ef­fi­cien­cies will con­tin­ue to be made through the re­main­der of the pro­gramme.

"The ad­di­tion of an op­ti­mal­ly spec­i­fied sec­ond rig re­mains an ob­jec­tive for the third quar­ter," Neil Rit­son, Leni's CEO, said in the state­ment to the LSE.Ne­go­ti­a­tions for a sec­ond drilling rig are "ac­tive­ly be­ing pro­gressed with a va­ri­ety of dif­fer­ent op­tions emerg­ing," the state­ment said. Leni plans to re­tain Well Ser­vices Rig 20 for at least a fur­ther six wells, and no de­ci­sion has yet been tak­en on the choice of the sec­ond rig, ac­cord­ing to the state­ment.

Leni said that on Thurs­day it suc­cess­ful­ly spud­ded the fourth of its planned Goudron de­vel­op­ment wells, GY-667, at 15.30 hours T&T time, and is now drilling ahead in the Goudron sand­stones. The well is be­ing drilled as a de­vi­at­ed hole from the same well pad as used for the re­cent­ly drilled wells GY-665 and GY-666, the com­pa­ny said.

Well GY-667 has a planned to­tal depth of 3,600 feet true-ver­ti­cal depth (TVD) (equiv­a­lent to 3,840 feet mea­sured depth) to a bot­tom-hole lo­ca­tion that is ap­prox­i­mate­ly 590 feet south east of the sur­face lo­ca­tion.The com­pa­ny said the pri­ma­ry tar­get of this well is the Gros Morne sand­stones, the top of which are an­tic­i­pat­ed at a depth of ap­prox­i­mate­ly 2,180 feet TVD. The well will al­so in­ves­ti­gate the reser­voir po­ten­tial of the Low­er Cruse at this lo­ca­tion.


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