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Leni Gas and Oil prepares new wells in Trinidad

Leni Gas and Oil said on Wednesday it expects a 50 per cent increase in the number of wells in operation at its Goudron oilfield in Trinidad.

Leni Gas and Oil said on Wednesday it expects a 50 per cent increase in the number of wells in operation at its Goudron oilfield in Trinidad.

The oil and gas company said 10 new pump jacks have arrived and are being installed to begin work on additional wells.

It is anticipated that 10 new wells will be put into production over coming weeks, bringing the total up to 30 wells.

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In January the company announced a "significant milestone" of producing 200 barrels of oil per day in Trinidad.

Leni said the new wells are anticipated to result in another significant step up in oil production from the field.

A further 10 pumps are also due to arrive in April along with another 10 in June.

The Goudron field has about 90 wells suitable for production and the programme of well reactivation will continue through 2013.

Over the next month the company expects to carry out the first of a number of planned well re-completions.

The first well is targeting over 65 metres of additional reservoir in a perforation programme using modern methods. It will be the first programme for 30 years intended to access new reservoir in the field since well GY-658 was drilled in 1981.

The work is projected to raise overall oil production and provide information to assist in designing the next phase of the work programme, which will lead to the drilling of new wells in the second half of 2013.

RD

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