Ithaca Energy has boosted its production forecast for its Stella field following the completion of drilling its fourth well.
Ithaca has revealed that the fourth development well on the Stella field reached a flow rate of 12,005 barrels, with a de-risked annualised production forecast now expected at 45,000 boepd, up from 30,000.
The well is now being suspended, with operations due to be completed by the end of the month. After completion, the ENSCO 100 drilling rig will be moved three kilometres to the main drill centre to drill a fifth well in the Stella Ekofisk reservoir which is due to be completed in early 2015.
Les Thomas, chief executive officer, commented: “We are very pleased to have delivered another successful flow test on this the fourth Stella field development well.
The combined results of the four completed wells represent a major step forward in underpinning and realising the full value of the Stella field development.”
The well was drilled to a measured depth subsea of 14,461 feet, with a 2,396 foot gross horizontal reservoir section completed in the Palaeocene Andrew sandstone reservoir.
A clean-up flow test was performed on the B2 well in order to effectively remove the drilling fluids used to complete the well. As part of the testing programme the well was flowed at various rates over approximately a 38-hour flowing period in order to obtain additional data and fluid samples from its location on the crest of the structure to assist with reservoir management planning for the field.