AI
Tuesday, September 02, 2014 7:55:23 AM
Polvo July Production ~9,614boe/day workovers to increase output
From the 2Q14 results:
In the second quarter of 2014, the field produced a total of approximately 940 thousand barrels of oil (100%) and until July of this fiscal year, the production reached the volume of 2,140 thousand barrels of oil (100%).
+ 2,140,000 boe (production until July of this fiscal year)
– 901,010,000 boe (1Q14)
– 940,950,000 boe (2Q14)
=298,040,000 boe (July)
/ 31
=9,614boe/day (July)
From the Conference Call:
" I would like to inform you that we are already preparing for a well work over aiming to increase output."
Workovers in 3Q14 to increase Polvo Production Volume
"We have technical groups from headquarters in the United States studying the wells that have already been drilled to identify wells ready for work overs. So as to put new wells into production without needing to drill new wells, but finishing the completion of the existing well.
The first work over of this type is scheduled for the third quarter while the first drilling of new production development wells in Polvo is expected by year end/ beginning of 2015."
GLA
From the 2Q14 results:
In the second quarter of 2014, the field produced a total of approximately 940 thousand barrels of oil (100%) and until July of this fiscal year, the production reached the volume of 2,140 thousand barrels of oil (100%).
+ 2,140,000 boe (production until July of this fiscal year)
– 901,010,000 boe (1Q14)
– 940,950,000 boe (2Q14)
=298,040,000 boe (July)
/ 31
=9,614boe/day (July)
From the Conference Call:
" I would like to inform you that we are already preparing for a well work over aiming to increase output."
Workovers in 3Q14 to increase Polvo Production Volume
"We have technical groups from headquarters in the United States studying the wells that have already been drilled to identify wells ready for work overs. So as to put new wells into production without needing to drill new wells, but finishing the completion of the existing well.
The first work over of this type is scheduled for the third quarter while the first drilling of new production development wells in Polvo is expected by year end/ beginning of 2015."
GLA
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