LGO Energy plc's local operating subsidiary, Goudron E&P Limited (GEPL), has received approval from Petrotrin and the Ministry of Energy for the first of its planned Mayaro Sandstone infill wells, currently designated H18E G11(5).
In an announcement posted on its website yesterday, LGO said the well will be drilled vertically to a total depth of 1,250 feet and is expected to intersect the Mayaro Sandstone oil pay between 650 and 1,050 feet.
GEPL has outline approval for up to 45 new wells in the Goudron Field and a programme of up to 70 infill production wells to the field-wide Mayaro Sandstone oil pay is contemplated, the company said.
It will start with the current initial well programme which will be expanded based on results and the availability of funding.
LSO said: "GEPL has awarded a drilling contract to specialist drilling contractor Sadhna Petroleum Services Company Limited for the drilling for two firm and a number of optional wells on a turnkey drilling basis using a small footprint conventional (rotary table) drilling rig.
"Site preparation will be conducted by Sadhna and will commence as soon as practical, after which rig mobilisation and drilling are anticipated to commence without delay. Individual wells are expected to take about 14 days to drill and complete for immediate production."
Bedrock Drilling Limited, a UK based specialist drilling engineering company, has been engaged to provide drilling engineering supervisory support to the programme. Bedrock will provide a site supervisory team during drilling and additional engineering and advisory support to GEPL.
LGO is now seeking permission to drill the second Mayaro Sandstone infill well in the programme, designated H18E N4.
"We are pleased to be able to start 2017 by announcing that the practical preparations for an imminent return to development drilling are now firmly underway and that we can expect drilling of the Mayaro infill programme to get started shortly as announced in December," Neil Ritson, LGO's CEO, said.