LGO’s drilling campaign in the Gourdron Field in Trinidad continues to pay-off for the firm.
Its second new development well confirmed the presence of oil. The explorer will now perforate and place the well on production 269 feet of the best net oil pay
within the Mayaro reservoir.
LGO CFO Fergus Jenkins said: “I am pleased to confirm that drilling and completion work has progressed entirely to plan and that the anticipated net oil pay is present and will shortly be placed on production. Currently we have a further three wells fully approved and are assessing the best contracting strategy for the drilling of those and future Mayaro wells.”
Three further wells have been now approved by the Ministry of Energy and Energy Industries as part of the ongoing development in which 45 wells have already received environmental approvals. LGO is currently evaluating the drilling performance to date and determining the best contracting strategy for the next batch of wells as it seeks to double field production by end 2017.