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Mart Provides Operational Update on Umusadege Field

Source: www.gulfoilandgas.com 10/11/2011, Location: Africa

Mart Resources, Inc and its co-venturers, Midwestern Oil and Gas Company Plc. (Operator of the Umusadege field) and Suntrust Oil Company Limited are pleased to provide an operational update on the Umusadege field, onshore Nigeria.

UMU-8 Well Update
Extended testing on the UMU-8 well was conducted on the XIIb sand, a 26 foot oil zone, which flowed at a stabilized rate of 2,316 barrels oil per day (“bopd”) of 40 API gravity oil through 3 1/2 inch tubing on a 32/64 inch choke at a flowing tubing pressure of 120 psi. Basic sediment and water (“BS&W”) was 0%. The combined test rate from zones XIIa, XIIb and XV in the UMU-8 well is 7,661 bopd. Well testing on zones IX and XI sands completed in the 2 3/8 inch tubing did not flow oil to the surface during initial testing. Production logging will be performed to identify the possible problems that caused this result, which may include a bad cement bond on the casing, leaks in the completion packers, or near well-bore formation damage caused by drilling mud.

September 2011 Production Update
Crude oil deliveries into the export pipeline from the Umusadege field through the month of September 2011 averaged 7,076 bopd. Aggregate Umusadege field downtime over this period was approximately 2.38 days due primarily to shutdown of third party export pipelines. Negotiations with the operator of the export pipeline to increase capacity are ongoing.

The UMU-9 well drilling location has been completed and the Company is preparing to move the NRG 201 rig to the site. Flow lines from the UMU-9 well head location to the manifold are nearing completion. It is anticipated that the rig will commence mobilization by mid-October.

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Related Categories: General  Hydrostatic Testing  Inspection  Laboratory Services  Non Destructive Testing  Testing 

Related Articles: General  Hydrostatic Testing  Inspection  Laboratory Services  Non Destructive Testing  Testing 


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