LGO Energy update on Goudron Drilling

On 30 June 2015, LGO Energy announced that well GY-675, its latest development well at the Goudron field development in Trinidad, has reached total depth at 3660 ft MD. GY-675 is the forth of seven wells within LGO’s 2015 programme.

The presence of recoverable hydrocarbons at the Goudron field development

Electric log interpretation from both the Goudron Sandstone and C-sand intervals confirm the presence of recoverable hydrocarbons. The net hydrocarbon pay in the C-sand main target is estimated as 260 ft. Well GY-676 is the next well in the 2015 programme at Goudron and it has now been spudded.

Well GY-675 is the fourth of seven wells currently planned for 2015 and the first well from drilling Pad 5 in the north-east of the field. Net oil pay in Goudron Sandstone approximately 630-1560 ft with an estimated 330 ft of total net pay. The oil bearing C-sand interval was encountered between 2015-3020 ft MD. Net hydrocarbon bearing pay in the C-sand interval is estimated as 260 ft. These observed net pay zones are in line with expectations for this well.

LGO Energy has significant upside to pursue

Moreover, Neil Ritson, LGO's Chief Executive, highlighted: "The production testing of the first three wells drilled this year is providing some encouraging results and we hope to have final flow rates from that work shortly. Additionally, the recently published reserves assessment shows we have significant upside to pursue after the current seven well drilling campaign."


Adapted from press release by David Bizley

Published on 06/07/2015


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