156
39
th
Annual Report
CYGAM Energy Inc. provided initial flow rates on the TT-
16 horizontal well in the TT Field in the “Bir Ben Tartar” (BBT)
concession inTunisia. Through a wholly- owned subsidiary, CYGAM
holds a 14% working interest in the concession. The initial test over
the first six days was interrupted by attempts to circulate sand and
clean the wellbore, and included periods where wellbore energy was
assisted by nitrogen injection. Later on, the well has flowed under its
natural reservoir energy and produced at an average oil rate of 897
barrels of oil per day, an average water rate of 331 barrels of water
per day (27%water cut) and an average gas- oil- ratio (GOR) of 1,110
standard cubic feet of gas per barrel of oil, at a bottom- hole flowing
pressure of 925 psi. The 832 m horizontal section of TT-16 well was
fracture and stimulated with the placement of approximately 175
tons of sand over eight stages
i
.
In
Algeria
, PTTEP disclosed that it has successfully discovered
crude oil in the 4
th
and the 5
th
exploration wells in Hassi Bir Rekaiz
project, in cooperation with with its Partner Sonatrach. The 4
th
explorationwell (OGB-1)wasdrilledandyieldedpetroleumdiscovery
in formation of Ordovician reservoir. When tested, the well produced
at an average rate of 485 barrels per day. The 5
th
exploration well
(BOG-1) was drilled and yielded petroleum discovery in the same
bearing reservoir, the well flow at approximately 553 and 1,870
barrels per day, respectively. Hassi Bir Rekaiz project is located
onshore in the eastern part of Algeria. It covers an area of 5,378
sq km. PTTEP is the operator with 24.5% interest. Its joint venture
partners of this project are Sonatrach with 51% interest and CNOOC
with 24.5% interest
ii
.
i
Oil Voice, 7/8/2012
ii
Oil Voice, 21/9/2012
