Rick, do you think AMEP will be releasing drilling reports like this??? Sounds like expert service companies required...
Baker Hughes, Schlumberger....
Operations Update
Georgia
The Ninotsminda Field horizontal well N100H2 has been completed and is currently being tested. The well was drilled by CanArgo using its own rig and equipment while utilising directional equipment and services provided by Baker Hughes. The well is a horizontal sidetrack from an existing well bore in the Middle Eocene reservoir at approximately 2,640 metres (8,659 feet) TVD. The horizontal section extends some 508 metres (1,667 feet) in the central area of the field and a pre-perforated production liner has been run over a 433 metres (1,421 feet) interval furthest from the original well bore. Another rig is already erected on well N97 where operations have commenced on the next horizontal sidetrack well. This well will take longer to complete than the N100H2 well as it is located on the northern flank of the field and it will be necessary to first sidetrack the well towards the crest of the field before the horizontal section can be drilled through the reservoir in a westerly direction along the crest of the structure. Results for N97H are expected in January 2006.
In the meantime negotiations are continuing with a number of service companies to move forward with the planned horizontal well development program in 2006 using under-balanced drilling technology. Management still believe that under-balanced drilling will minimise formation damage and lead to a longer-term sustainable production from the fields.
On the M11Z appraisal well, CanArgo continues to consult with Schlumberger well completions experts who have advised on the best techniques with which to re-establish communication with the formation in the well by removing near-wellbore damage. It has been concluded to acidise the Cretaceous Limestone interval using coiled tubing, and if necessary perforate. Preparations are being made to recommence these testing operations within the next week.
On the Norio MK72 well we are drilling ahead and are currently at a depth of 4,832 metres (15,853 feet).
In Kazakhstan, testing has been completed on well KYZ104 on the Kyzyloi Field which flowed gas at a rates of up to 96,000 cubic metres (3.4 million cubic feet) per day on a 16 mm (40/64 inch) choke, and is now shut in waiting for the installation of field development equipment. In the surrounding Akkulka contract area, exploration well AKK04 has reached total depth of 600 metres (1,961 feet) with good gas shows whilst drilling and there is a clear indication of the presence of gas bearing sands on wireline logs. The well will be tested in due course as part of a co-ordinated testing program including the Kyzyloi Field development wells.
CanArgo's Chairman, President and CEO Dr. David Robson commented, "We have completed the N100H2 horizontal well and look forward to the test results within the next month. We also look forward to the next horizontal well results in January 2006 and to re-commencing our comprehensive program using under-balanced equipment. The delay in testing the M11Z appraisal well has been frustrating for us, but we now believe we will be applying the most efficient methodology to enable communication with the reservoir. The MK72 Norio well is drilling ahead and is near to the prognosed target zone. This is an exciting exploration prospect and we are delighted that together with Saipem we have made good progress in what has been very difficult drilling conditions."
Cash is King until further notice!!!
My comments on companies are usually my opinion of long term success (years). The PPS may go up or down greatly in the meantime depending on the number of greedy suckers with money.
AI
