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Completion of Mako Well and Stabilised Flow Rates
Completion of Mako Well and Stabilised Flow Rates.
About this update from Empyrean Energy Plc
[{"type":"text","content":"\n \nRNS Number : 1631K Empyrean Energy PLC 05 July 2017 \n\nThis announcement contains inside information\n \nEmpyrean Energy PLC / Index: AIM / Epic: EME / Sector: Oil & Gas\n05 July 2017\nEmpyrean Energy PLC (\"Empyrean\" or the \"Company\")\n \nCompletion of Mako South-1 Well with Stabilised Flow Rates\n \n· Mako South-1 well exceeds operator's expectations\n· High permeability sands in the multi Darcy range\n· High quality gas with no contaminants\n· Final stabilised flow rate of 10.9 million cubic feet of gas per day \n· Flow rate limited by available down hole production testing equipment \n \nEmpyrean, the oil and gas development company with interests in China, Indonesia and the United States, is pleased to announce that it has been advised by the operator of the Duyung PSC in the Natuna Basin Offshore Indonesia, Conrad Petroleum (\"Conrad\") that the Mako South-1 well testing operations has been successfully completed and the rig is currently demobilising back to its home base in Labuan, Malaysia.\n \nConrad has reported that the well performance was exceptional, and the drilling operations were carried out on time, on budget and with zero safety incidents.\n \nTesting of the previously discovered gas-bearing sand at the Mako South-1 well has established 23 feet of net pay in the shallow Intra Muda Formation, with excellent quality rock, far better than Conrad's original prognosis. The well flowed high quality gas that is close to 100% methane, with no CO2, H2S, or other contaminants. No sand production was recorded during testing.\n \nAs previously reported on 28 June 2017, a final stabilised flow rate of 10.9 million cubic feet of gas per day (\"mmcfgpd\") was reached during testing on fixed choke of 128/64. The flow rate was limited by the available down hole production testing equipment. Down hole pressure gauges retrieved following the flow test confirmed no pressure depletion over the extended production test. Conrad reports that the test results suggest that the reservoir consists of laterally continuous, high permeability sands in the multi Darcy range. Further permeability analysis will take place over the coming months on the core taken prior to flow testing.\n \nMako is ...