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Rhum R3 Well Flow Test Results
Rhum R3 Well Flow Test Results.
About this update from Serica Energy Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3819B\n Serica Energy PLC\n 10 June 2021\n \n \n \n \n Serica Energy plc\n \n \n (\"Serica\" or the \"Company\")\n \n \n Rhum R3 Well Flow Test Results\n \n \n \n London, 10 June 2021\n \n - Serica Energy plc (AIM: SQZ), a British independent upstream oil and gas company with operations centred on the UK North Sea and over 80% gas production, is pleased to provide the following operational update for the Rhum R3 well.\n \n \n The new completion equipment has been successfully installed into R3 and a flow test has now been performed. A stabilised flow rate of 58.4mmscf/d of gas and 135bbls/d of condensate has been achieved through a 60/64ths inch choke. This rate was constrained by the surface well test equipment on board the WilPhoenix semi-submersible drilling rig and it is expected that the well will be able to produce at higher rates when in production.\n \n \n \n \n \n A diving support vessel (\"DSV\") has been contracted to install the subsea control equipment required so the well can start producing in Q3 2021.\n \n \n \n \n \n The successful recompletion of R3 will increase the Rhum production capacity utilising the existing facilities located on the Bruce platform and will, therefore, not lead to significant additional CO2 emissions. This is in line with Serica's stated objective of reducing the carbon intensity (i.e. CO2 per barrel of oil equivalent) of its production operations. Further details on Serica's commitment to ESG (Environment, Social & Governance) can be found on our website at \n \n \n https://www.serica-energy.com/downloads/ESG-Report-2020.pdf\n \n \n \n \n \n \n \n \n \n \n Mitch Flegg, Chief Executive of Serica Energy, commented:\n \n \n \n \n \n \"\n Operations on R3 have proved more challenging than expected but the skill and dedication of our operational team has enabled us to achieve this welcome result. The volumes flowed during the test are equivalent to over 10,000 boe/d which demonstrates the quality of the Rhum asset.\n \n \n \n \n \n It was always expected that the flow test results would be constrained by the surface test equipment, but initial analysis of the data recovered indicates that the flow potential of the well is at the upper end of our range of expectations. \n \n \n \n \n \n The third Rhum well will enable...