, Block Energy. Posted on 25 September 2019 25 Sep 2019 11:46
Block Energy
A West Rustavi update this morning from Block, the sidetracking on the 38Z has commenced targeting the middle and upper Eocene formations ‘with the benefit of valuable new information’. At the WR-16aZ well oil and water production has varied significantly partly due to the failure of certain downhole equipment but remains at a strong flow of oil, water and gas and the recent week was 230 b/d of liquids with a water cut of 78%, higher than expected and a flow of 130 mcf/d of gas.
The encouraging news is that this has proved the productivity of the Middle Eocene but also making it difficult to assess and delaying production rates which has a knock-on effect on timing of announcements. Having said that this was always to some extent a learning process and results from these wells over the next few months should give us a much better idea of what this part of Georgia can impart.