SOCO has announced that the its subsidiary has successfully completed testing the exploration well Lidongo X Marine 101 ST1 well reaching a post stimulation frac peak rate of 5,174 barrels of oil per day (BOPD) and 3.65 million standard cubic feet of gas per day (MMSCFD).<\/p>\n
According to the operator SOCO EPC operator of the Marine XI Block offshore the results significantly exceeded pre-test expectations.<\/p>\n
The test, over a perforated 20 metre section, produced at a stable average flow rate of 4,800 BOPD and 3.5 MMSCFD on a 56\/64″ fixed choke with a flowing wellhead pressure of 778 psi following the successful execution of the stimulation frac. The oil quality was 32 degrees API.<\/p>\n
Soco now says the well results will be analysed in order to determine the continuity of the well with the nearby discovery in the Marine XII Block.<\/p>\n
The LXM-101 well, located 23 kilometres northwest of Pointe Noire in a water depth of approximately 45 metres, was drilled to a total depth of 2,665 metres encountering oil in a clastics sequence in the Djeno sand formation with drilling shows and early log interpretation indicating approximately a 50 metre gross interval.<\/p>\n
SOCO EPC holds a 40.39% interest in the Marine XI Block while its partners WNR hold 23%, SNPC 15%, AOGC 13.11% and PetroVietnam Exploration and Production (PVEP) (8.5%).<\/p>\n","protected":false},"excerpt":{"rendered":"