LONDON (Alliance News) - Oilex Ltd on Tuesday provided an update on its workover programme on the Cambay field in India, and said it is aiming to double the current 75 barrels of oil equivalent being produced per day from the field.
Oilex has been completing workovers on wells to try to increase production. The latest workover to be completed was on Cambay-77H, its flagship well, which has produced an average of 51 barrels per day which is sent through the flowline connection to the Cambay-73 well.
That production is currently meeting the demand from the local low pressure gas market, and has yielded peak production exceeding 110 barrels of oil equivalent per day for two hours per day, it said.
"The well performance is being closely monitored subsequent to recommencing production and a fuller understanding of its deliverability potential will be gained from ongoing production. Although demand for local gas fluctuates according to peak demand times as noted above, it is anticipated that overall gas demand from the local low pressure gas market may gradually increase now that Cambay-77H is online," said Oilex.
Cambay-19z has finished pumping out the brine that was injected during drilling, allowing oil to flow to the surface. The well is now producing around 12 barrels of oil per day plus associated gas and is "within expectations".
The company has started pumping out the brine from the Cambay-20 well after installing a hydraulic lift pump, and said it has detected gas at surface that is similar to the gas found at Cambay-19z.
The company said it has also identified six other wells that could benefit from a workover once the workover on the Cambay-60 well is completed.
"The Cambay workover campaign continues to deliver positive results with oil production from Cambay-19z meeting expectations and the deliverability of Cambay-77H gas production enhanced with successful installation of the production tubing," said Managing Director Ron Miller.
"Overall, in relation to the Cambay field, Oilex is now focussing on its objective of achieving a production rate target of about 150 barrels of oil equivalent per day," he added.
Oilex shares were down 4.6% to 0.620 pence per share on Tuesday morning.
By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance
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