Disappointment for Transeuro Energy

Transeuro Energy has issued an update on its Ukraine operation, where it has just completed the first production test of the previously announced 4-test programme on Karl-101 on the Karlavskoye gas condensate field.

Flow testing of the first test interval of the previously announced 4-test programme on Karl-101 has been completed. The acid stimulation was performed as planned and the well opened to clean up for 8 hours when a gas leak occurred at surface that necessitated pumping drilling mud into the tubing to remove the pressure.

The leak was fixed and flowing resumed for a 20 hour period, however the maximum hourly rate recorded was 2 million cubic feet per day, with an average condensate yield of 45 barrels per million cubic feet, giving a maximum combined rate of 423 barrels of oil equivalent per day (boepd). The rate declined during the flow period and no stabilized flow rate was recorded.

Transeuro President & CEO David Worrall commented, “The result of the acid stimulation was disappointing. We will retrieve the perforating guns to determine if all the explosive charges fired and then evaluate this interval.”

Source: Canadian Business,  TransEuro Energy