Business
Horse Hill-1 Production Test Update
Horse Hill-1 Production Test Update.
About this update from Uk Oil & Gas Plc
[{"type":"text","content":"\n \nRNS Number : 4529H UK Oil & Gas PLC 01 August 2019 \n\nUK Oil & Gas PLC\n(\"UKOG\" or the \"Company\")\n \nHorse Hill-1 production hits 60,000 barrels via new Phase 2 Kimmeridge test\n \nUK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that in preparation for the late summer start of the Horse Hill-2/2z (\"HH-2/2z\") Portland drilling programme, test production was switched successfully from the Portland to the deeper Kimmeridge oil pool. From 6th July to date, the Phase 2 Kimmeridge test has produced a further 5,524 barrels (\"bbl\") of dry Brent quality oil. Total aggregate Portland and Kimmeridge test oil production from the Horse Hill oil field, in which the Company has a 50.635% majority interest, now totals a significant landmark of 60,186 barrels (\"bbl\"). \n \nKimmeridge oil flow was re-established at initial half-hourly metered rates of up to 332 bbl of oil per day (\"bopd\"), with continued stable production of dry oil at daily rates of 200-266 bopd. Total Kimmeridge production to date, now exceeds 30,618 bbl with no apparent produced formation water. Following a 5-month shut-in, flow rates and flowing bottom hole pressures appear more stable than during Phase 1 Kimmeridge testing. \n \nPrior to the Kimmeridge production switch, which was necessary for the safe drilling and coring of HH-2/2z through the Portland reservoir, total aggregate Portland production reached 29,568 bbl, with HH-1 continuing to produce dry Portland oil at a stable rate of over 220 bopd. Preliminary Company analysis of the final Portland pressure build-up test, indicates that the Portland connected oil volume accessed by HH-1 has significantly increased from 7-11 million bbl to 11-14 million bbl, a robustly commercial volume. \n \nKimmeridge test production is planned to continue throughout the drilling of HH-2/2z except for two short shut-ins to enable the moving of oil storage tanks and installation of the drilling rig. The drilling rig is now scheduled to arrive on site following routine servicing after the completion of its current job.\n \nThe Horse Hill oil field and surrounding highly prospective PEDL137 and PEDL246 licences are operated by UKOG's subsidiary company Horse Hill Developments Ltd, in which UKOG holds a 77.9% direct interest.\n \nHorse Hi...