Alvopetro Energy Ltd. announces production commencement from our 197(1) well on our Murucututu natural gas field and an operational update.
197(1) Production Commencement (100% Alvopetro)
Earlier this month, we completed stimulation operations at our 197(1) well on our Murucututu natural gas field. We successfully stimulated four intervals in the well, injecting a total of 125 tonnes of sand into the formation. Following the stimulation, we completed a 63-hour clean-up flow period and recovered 1,156 bbls of frac fluid and flowed a total of 3.8 MMcf of natural gas. Following the clean-up flow period and confirmation of natural gas composition, we initiated natural gas sales through the Murucututu extension pipeline through to our Caburé natural gas plant ("UPGN"). The well is now flowing at a restricted rate of 1.3 MMcfpd through a 20/64 inch choke at a flowing well-head pressure of 873 psi with 24 bpd of 53 degree API natural gas liquids (condensate) and 57 bpd of frac fluid. We have now delivered natural gas sales to the UPGN for a total of 30 hours, averaging 1.3 MMcfpd (220 boepd) and we plan to continue to flow the well at this rate.
President & CEO, Corey C. Ruttan commented:
"The completion and stimulation of our 197(1) well represents a major milestone for our Murucututu natural gas field development and we are looking forward to drilling our first two fit-for-purpose Murucututu development wells in the second half of this year."
Operational Update
On our Bom Lugar field, we spud our first development well (BL-06) on April 30th and we have currently drilled 2,017 metres of the expected 3,400 meters and expect drilling to be completed in June. The BL-06 well is targeting the Caruaçu Formation with additional potential in the deeper Gomo and Agua Grande Formations.
