Business
Production Flow Test Operations Commence
Production Flow Test Operations Commence.
About this update from Uk Oil & Gas Plc
[{"type":"text","content":"\n \nRNS Number : 6830S UK Oil & Gas Investments PLC 27 June 2018 \n\nUK Oil & Gas Investments PLC\n(\"UKOG\" or the \"Company\")\n \nProduction Flow Test Operations Commence\nHorse Hill-1 Kimmeridge Limestone and Portland Oil Discovery, PEDL137, Weald Basin, UK\n \nUK Oil & Gas Investments PLC (London AIM: UKOG) is pleased to announce that it has been informed by Horse Hill Developments Ltd (\"HHDL\"), the operator of the Horse Hill-1 (\"HH-1\") Kimmeridge Limestone 3 (\"KL3\"), KL4 and Portland oil discovery, that planned flow testing operations of HH-1 have commenced. All key equipment necessary to carry out a 150-day long-term extended flow test campaign at HH-1 is now on site. The Company holds a 32.435% beneficial interest in licence PEDL137 containing the HH-1 oil discovery.\n \nFollowing final equipment set-up and the subsequent removal of three temporary suspension plugs in the wellbore, flow will first be re-established from the Portland sandstone oil pool. Testing of each of the KL4 and KL3 oil pools will follow completion of the Portland test sequence.\n \nStephen Sanderson, UKOG's Executive Chairman commented:\n \n\"UKOG remains confident that the comprehensive long-term production testing campaign will provide the necessary data to fully assess Horse Hill's Portland and Kimmeridge commerciality and help move the project towards timely production and positive cash flow. Horse Hill remains a fundamental and exciting part of the Company's core portfolio and we look forward to a safe and positive test campaign.\"\n \nExtended Well Test (\"EWT\") Overview\n \nAs the 2016 short flow test campaign established commercially viable initial flow rates for each of the Portland, KL4 and KL3 zones, the 2018 EWT's prime goal is to confirm that the wellbore is connected to a commercially viable oil volume within one or more of the three zones.\n \nThe long term reservoir performance data is also expected to provide the necessary data to enable, for the first time, Petroleum Resources Management System compliant Kimmeridge and Portland reserve figures to be estimated at Horse Hill. \n \nEach test sequence will include a short, optimised rate test, together with a sequence of \"choked back\"(i.e. reduced) steady-state flow periods necessar...