Business
Pilot CO2 EOR Trinidad Results & Operations Update
Pilot CO2 EOR Trinidad Results & Operations Update.
About this update from Predator Oil & Gas Holdings Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2357M\n Predator Oil & Gas Holdings PLC\n 20 January 2021\n \n \n \n \n FOR IMMEDIATE RELEASE\n \n \n 20 January 2021\n \n \n \n \n \n Predator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD / Sector: Oil & Gas\n \n \n LEI 213800L7QXFURBFLDS54\n \n \n Predator Oil & Gas Holdings Plc\n \n \n (\"Predator\" or the \"Company\" and together with its subsidiaries \"the Group\")\n \n \n \n \n \n \n \n \n Pilot CO2 EOR Trinidad Results and Operational Update\n \n \n \n \n \n Highlights\n \n \n \n \n \n · \n Very encouraging Pilot CO2 EOR results support pre-injection desktop production plateau forecasts of 243 -547 bopd from Herrera #2 Sand\n \n \n \n \n \n · \n CO2 sequestration potential confirmed\n \n \n \n \n \n · \n CO2 EOR services business strengthened and de-risked as marketable asset\n \n \n \n \n \n · \n Guercif exploration well planning targeting Q2 2021 spud\n \n \n \n \n \n · \n Guercif core area gross prospective gas resources 819 to 1,823 BCF\n \n \n \n \n \n Predator Oil & Gas Holdings Plc (Predator), the Jersey-based Oil and Gas Company with operations in Trinidad, Morocco and Ireland, \n announces the results of its Pilot CO2 EOR Project (\"Pilot CO2 EOR\") in the Inniss-Trinity field onshore Trinidad.\n \n \n The Pilot CO2 EOR programme is designed to demonstrate safe injection of anthropogenic CO2; to allow for sufficient lag time post-injection for reservoir pressure to stabilise; to collect oil viscosity data; and to use the results to evaluate and calibrate the pre-injection desk-top production forecast and the CO2 EOR commercial model. Pilot CO2 EOR is focussed on a single reservoir sand of the five producing Herrera reservoirs in the Inniss-Trinity Field, the Herrera #2 Sand, and a part of the field, the \"AT-4 Block\", representing approximately 10% of the total area potentially available for CO2 EOR injection.\n \n \n The objectives of the Pilot CO2 EOR have been successfully achieved, despite the unforeseen COVID-19 pandemic; electrical power outages influencing the efficiency of the Inniss-Trinity field operations, the understandable regulatory delays due equally to COVID-19 and the introduction of a new CO2 EOR operating system being employed f...