Trinidad-focused Leni Gas & Oil (LGO) is ready to start the construction of a new sales tank for its Goudron Field’s finds after securing necessary approvals.
The 2,000 barrel tank will be installed at the field’s sales point at Tank Battery Station 134 and will be adjacent to the firm’s two existing sales tanks increasing total daily export capacity equivalent to approximately 2,750 barrels of oil per day.
The announcement came as the company spudded its fourth Goudron development well, targeting the Gros Morne sandstones and the Lower Cruse reservoirs.
“The 30 well drilling campaign continues to advance extremely well and we are making considerable progress in learning about the geology and drilling characteristics of the field,” said Neil Ritson, LGO chief executive.
“That knowledge is being used to optimize the development and we anticipate both cost and timing efficiencies will continue to be made through the remainder of the program.
“The addition of an optimally specified second rig remains an objective for the third quarter.”