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13 Jul 2012 07:00
13 July 2012
Bayfield Energy Holdings plc
Operational Update - Trintes Field
Bayfield Energy Holdings plc (AIM ticker: BEH), an upstream oil and gas exploration and production company with interests in Trinidad and South Africa, is pleased to provide an operational update on its Trintes field offshore Trinidad.
As part of the ongoing development drilling programme in the Trintes field, well B3 has been completed and brought on production achieving a stabilised rate of 536 barrels of oil per day (bopd). This well confirms the production potential of the M Sand in the south-west part of the field where three further development wells are planned to be drilled this year.
Following the completion of B3, Rig #2 will undertake a programme of workovers to replace pumps on six production wells on Bravo platform. The programme is targeted at achieving additional incremental production of 250-300 bopd and is also expected to increase the reliability of these wells by eliminating all dependence on ageing hydraulic powered oil pump systems.
The latest reported production rate from the Trintes field has now increased to over 2,300 bopd.
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Bayfield Energy |
+44 (0)20 7920 2330 |
Hywel John, Chief Executive Officer | |
Seymour Pierce |
+44 (0)20 7107 8000 |
Jonathan Wright/Stewart Dickson (Corporate Finance) | |
FirstEnergy Capital LLP | + 44 (0)20 7448 0200 |
Derek Smith / Hugh Sanderson | |
M:Communications | |
Patrick d'Ancona | +44 (0)20 7920 2347 |
Andrew Benbow | +44 (0)20 7920 2344 |
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