President Energy Provides Update in Argentina Operations

Source: www.gulfoilandgas.com 2/20/2017, Location: South America

President Energy (PPC), the oil and gas exploration company, provides the following update on its Argentina operations.

Further to the Companyís announcement on 11 January 2017, President is pleased to announce that the work-over rig has been mobilised to the first well location, and that operations have already commenced.

The Puesto Guardian Concession workover programme will initially focus on the workovers of two producing wells which are presently under maintenance followed by the planned workovers on old shut-in wells.

The workover plans feature a multi well frac programme in batches of three for cost efficiency together with creation of a new water injector in a presently shut-in well. Schlumberger, Presidentís frac contractor, is working closely with the Companyís team to ensure optimal well design and production capability.

The Company maintains its target of 1,200 bopd production from Argentina by end summer 2017 and is fully funded for its well workover programme.


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Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


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