According to the report San Leon has entered into a
conditional subscription agreement with Decklar Petroleum Limited (“Decklar
Petroleum”), the local subsidiary of Decklar Resources,
On that note that Decklar Resources made the announcement of
update on investment in Oza oil Field, Nigeria saying:
Re-entry and testing operations at the Oza-1 well continue
to move forward steadily, leading the way to advancing Decklar’s overall
re-entry and development plans for the Oza Oil Field.
Pulling of existing tubing and 5 ½ inch casing from the
Oza-1 wellbore has been successfully completed, and the 9 ⅝ inch casing was
cleaned out.
A cement bond log has been completed to confirm integrity of
the cement behind casing, and cased hole reservoir logs have been completed and
confirm the characteristics of the individual zones to be tested.
Surface testing facilities are currently being installed,
and it is anticipated that testing activities on the L2.6 zone are expected to
commence early next week with the initial perforation and flow operations.
It is anticipated that initial oil production testing will
then commence, with all crude oil test volumes produced being immediately
exported and sold through the existing production facilities and pipelines to
the Bonny Export Terminal.
Decklar Resources Inc. (DKL-TSX Venture) (the “Company” or
“Decklar”) is pleased to announce an update to operations at the Oza-1 well
re-entry at the Oza Oil Field in Nigeria, being performed by the Company’s
wholly owned Nigeria-based subsidiary, Decklar Petroleum Limited.
“Progress at Oza-1 in Final Preparation for Well Testing
Operations.
The San Leon Energy disclosed that the re-entry operations
at the Oza-1 well site continue to progress with completion of critical initial
work activities including pulling the existing tubing and the 5 ½ inch casing
that was inside the 9 ⅝ inch casing.
The 9 ⅝ inch casing has been scrapped and circulated clean
and over to brine completion fluid and a cement bond log has been run to
confirm the integrity of the wellbore and cement behind the casing. Cased hole
reservoir logs have been completed and analyzed and confirm the expected
characteristics of the zones targeted for testing.
Surface testing facilities and equipment are currently being
installed, and it is anticipated that testing of the L2.6 zone will commence
early next week. Perforation operations will begin with a testing tubing string
run with straddle packers to enable testing of the three isolated individual
zones that will be tested.
Production testing operations are planned for the three
known oil-bearing zones (L2.2, L2.4 and L2.6), and each targeted zone will be
production flow tested independently. All test volumes produced will be
exported and sold through the existing production facilities and pipelines.
Once testing of all three zones is completed, it is
anticipated that a final dual-tubing string completion will be installed, and
two of the three zones tested will be placed into production based upon
successful testing. All necessary approvals and permits are in place for the
well re-entry, testing and completion.
“As previously announced, once the Oza-1 re-entry is
complete, the drilling rig is then expected to be skidded on the same drill pad
as the Oza-1 well to a new drilling slot and a horizontal development well will
be drilled in one of the three zones tested in the Oza-1 well. It is
anticipated that this well will then be placed on production upon successful
testing and completion.
The Oza-1 well and new horizontal development well are
expected to generate significant production levels and generate cash flow in a
short time frame utilizing the existing infrastructure in place.
The Oza Oil Field development is planned to then continue
with one or two more re-entries on other existing wells and an additional
development drilling program with a potential for eight to ten wells to be
drilled to achieve full field development. Additional early production and
central processing facilities will be added as required to accommodate
increased production levels from field development activities.
The statement said Company anticipates that operations are
on track for initial production testing to commence immediately following
perforating and running the testing string.
The Oza Oil Field has significant export and production
capacity through processing facilities and infrastructure already in place and
operational, which will allow for the immediate export and sale of crude oil
from the Oza-1 well.”
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