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Petrolifera confirms activation of Puesto Morales North waterflood; Provides salient details
CALGARY, Jan. 15 /CNW/ - Petrolifera Petroleum Limited (PDP - TSX) confirmed today that its water...
About this update from Medexus Pharmaceuticals Inc.
[{"type":"text","content":"\n\n\n\nCALGARY, Jan. 15 /CNW/ - Petrolifera Petroleum Limited (PDP - TSX)\nconfirmed today that its waterflood pressure maintenance project at Puesto\nMorales North in the Neuquen Basin, Rio Negro Province, onshore Argentina\ncommenced continuous operations on January 11, 2008, following a period of\ncommissioning and line testing which started in late December, 2007.\n\n\nThe purpose of the project is to enhance reservoir pressure in the\nprolific and high quality Jurassic Sierras Blancas oil-bearing reservoir at\nPuesto Morales. It is anticipated that there will be a period of approximately\nsix months of water injection before meaningful response will be discernible\nin overall crude oil production levels and that it will take approximately\neighteen months from startup of injection to achieve optimum production\nresponse, based on initial simulation studies of the reservoir. The high\nquality reservoir, characterized by excellent porosities and significant\nmeasured permeability, should facilitate excellent transmissibility of fluid\nand the project is expected to have a material and favorable impact on the\nultimate recovery factor for the field.\n\n\nThe first injection stage in the Sierras Blancas formation will occur in\n2008 and is expected to reach a total water injection rate of 18,000 barrels\nof water per day with approximately thirteen injector wells, including new\nwells and conversions. Future waterflood developments and optimizations will\nincrease the injection rate to the capacity of 25,000 barrels of water per\nday.\n\n\nThe water injection plant is now operating with initial injection of\napproximately 5,000 barrels of water per day in four wells, PMN-1025, PMN-1011\nand PMN-1037 in the northern part of the field and PMN-1035 in the central\nportion of the field. Over time, additional injectors will be tied back to the\nplant to realize the final injection rate of approximately 25,000 barrels of\nwater per day. Fresh water is supplied to Petrolifera's water treatment plant,\nsituated in the northern portion of the field, through a six kilometer\nten-inch pipeline from facilities situated near the Casa de Piedra dam on the\nRio Colorado River, resulting in the reservoir or embalse in the region.\n\n\nPetrolifera's Puesto Morales water treatment plant filters the water with\na targeted efficiency exceeding 90...