Silvermere Energy PLC Operations Update
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TIDMSLME
RNS Number : 7531I
Silvermere Energy PLC
30 July 2012
30 July 2012
Silvermere Energy plc
("Silvermere" or the "Company")
Operations Update
Silvermere, the independent oil and gas company focused principally on appraisal and production opportunities in the US, is pleased to announce further progress with the tie-in of the I-1 well in its Mustang Island 818-L Field. This is based on information provided by the Operator, Dominion Production Company LLC ("Dominion").
Pile-driving to secure the legs of the off-shore platform to the sea floor was completed on 20 July and installation of the main deck section on top of the platform legs was completed yesterday, 29 July.
The remaining installation tasks include laying the 475 feet of 6-inch diameter pipeline between the platform and sub-sea tie-in point and then completing and testing the tie-in at both ends. Following this the well will be hooked up to the platform to establish flow. Initial flow will involve "unloading" the well contents and filling the pipeline with gas and condensate. The activities described are expected to take approximately two weeks, weather permitting.
Some days last week were lost due to sea swells outside safe operating tolerance, but as of last night, the outlook for sea and weather conditions is satisfactory for continuing operations.
Further updates will be provided as the work progresses.
