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LGO flows oil at GY-670 onshore Trinidad

15th December 2014

LGO has announced that its most recently completed well, GY-670, at the Goudron Field in Trinidad was perforated on 12 December over a 177-foot interval of oil pay in the C-sands and is now flowing at a stabilised, but highly restricted, rate of 1,085 barrels of oil per day (bopd) of 37 degree API water-free oil through a 9/32" choke with a well-head flowing pressure of 1,290 psi

LGO flows oil at GY-670 onshore Trinidad
Over the last 48 hours the well has flowed at an average rate of 1,104 bopd

"The first of the three wells on Pad-3, and the sixth completion in the eight wells we have drilled in 2014 has provided our best initial oil rate to date,” said Neil Ritson, LGO's chief executive.

“Higher reservoir pressures in this area of the field combined with further improvements in drilling and completion techniques have given us the highest flow rate ever seen in the Goudron Field.  Two further wells, GY-671 and GY-699, have yet to be placed on production on Pad-3."

Over the last 48 hours the well has flowed at an average rate of 1,104 bopd.

The initial open-hole flow rate calculated for the well exceeds 6,000 bopd.

"The Petroleum Company of Trinidad and Tobago Limited [Petrotrin], Trinidad and Tobago's state oil company has an alliance with LGO at the Goudron Field and welcomes this excellent well result from GY-670 and congratulates LGO on their 2014 drilling campaign that has resulted in significant oil production from Goudron," said Khalid M. Hassanali, Petrotrin president.

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