Leni Oil and Gas (LGO) has confirmed its eighth Goudron-field well in Trinidad is ready for commissioning.
Well GY-671 has reached a total measured depth of 3,598 metres, been electronically logged and cased for completion as a C-sand producer.
Neil Ritson, chief executive, said: “The latest three wells at Goudron have now been drilled and cased and we expect to have these on production over the next few weeks. We will continue our highly successful drilling campaign at Goudron in early 2015 once Pad-4 has been constructed.
“Given our successful drilling campaign we are naturally hopeful that the new CPR will show a significant increase on the reserves and resources previously announced. We are not expecting recent negative movements in oil price to impact the reserves as the project economics are very robust.”
LGO drilled eight wells in Trinidad during 2014.
The drilling results from these wells are being used to develop a new competent persons report due to be published in February 2015 by Senergy.