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Gas2Grid applies to further develop promising Malolos-1 well onshore Philippines

09th July 2014

Gas2Grid has said that production testing at Malolos-1 has to date gathered sufficient data to support an application to the Philippine department of energy (DOE) to continue sustained production and full appraisal and development of the oil field

Gas2Grid applies to further develop promising Malolos-1 well onshore Philippines
The Malolos-1 well has demonstrated that it can produce oil at commercial rates

Over the past few weeks, the lower and the upper oil bearing sandstones were successfully tested separately. The upper sandstone continued to produce oil individually although no significant improvement in oil production rate was recorded.

The lower sandstone recorded a significant increase in production rates at an equivalent of over 100 barrels of oil per day although it was also associated with a significant increase in water production indicating proximity to the oil-water contact.

“We are encouraged by the well test data and oil production which when combined with all available technical data supports the previous determination that the Malolos Oil Field has a best estimate of 20.4 million barrels of oil in place and a low estimate of 6.8 million barrels with a high estimate of 68.1 million barrels,” said Dennis Morton, Gas2Grid managing director. “This is a resource well worth pursuing.”

The Malolos-1 well has demonstrated that it can produce oil at commercial rates. On several occasions the well has previously produced the equivalent of 200 barrels of oil per day over short periods. Oil flow has been impaired when the perforations within the wellbore at the sandstone reservoirs become blocked with formation fines.

The well testing has determined that the two objective sandstones are oil bearing, established an oilwater contact for the lower oil sandstone indicating a minimum 500 metre vertical oil accumulation (when correlated with the oil sands in Malolos-4) and established that oil production rates are impeded by fines migration and sand production.

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