RE: Recap of BB issues14 Jan 2019 13:07
11 oct 17.
Firstly it does Angus investors no favours gloating about our neighbours current predicament Each company drilling in the Weald basin is having to fight tooth and nail to deliver what we all hope to be a lot of oil and intern change a lot of investors lives. It only takes one piece of bad luck or a human mistake to alter a company fortune. Just remember that.
Figures of 6-8 million are way off the mark..you wont need a lot of cement lucky if it costs 20,000 for the product. Daily rig rate / crew costs are not astronomical.
From what I have read in the latest UKOG RNS, it is a simple case of a bad cement job which will require a simple cement squeeze prior to cleaning out the well and stimulating the well with acid.
The UKOG RNS on 10th August gave the reasons for the sidetrack Following the month-long coring and electric logging programme it became apparent that the duration and difficulty of coring such highly-fractured rocks in an inclined well led to potential plugging of some intensely fractured Kimmeridge zones likely jeopardising flow test performance. Sections of the overlying Purbeck also exhibited washout zones making both optimal casing-setting in the full 8.5-inch open hole section and resultant Kimmeridge well completion problematic. Using lessons learnt from BB-1, the short-duration sidetrack was drilled using the same non-toxic drilling fluid but with a lower density and higher viscosity mixture to minimise reservoir formation damage via possible plugging of oil-filled fractures. The sidetrack's in-gauge 8.5-inch borehole was cased-off successfully without problemand will now be completed for flow testing.
Now it is not mentioned in an RNS, but I am sure I read somewhere that they had issues running the 7liner for the sidetrack well and needed to perform a cement squeeze as they were unable to circulate and perform a cement job conventionally (please update this if this is incorrect).
Now regardless of how they did the cement job, it is obviously not a very good one.
The decision to workover the well follows receipt of two independent cement-bond analyses by Premier Oilfield Laboratories in Houston, USA and Xodus in the UK.These analyses, together with the Company's own internal evaluation, demonstrate that the quality of the cement-bond over some of the reservoir zones within the current BB-1z well is less than optimal. The findings conclude that, due to the cement-bond condition over segments of the reservoir section, the current completion programme has not effectively connected the wellbore to much of the best open natural fractures. Therefore, the testing to date has not properly evaluated the full flow potential of the overall Kimmeridge reservoir sequence.