BRISBANE, Indonesia Today – The LOFIN-1 well exploration development on the Seram Non-Bula Block PSC is advancing with flowing wet gas on well testing activity, Lion Energy Ltd claimed.
On October 6, 2012 a large acid treatment was pumped to the LOFIN formation and allowed to soak for 1 hour. The string then was displaced with diesel prior to the well being trimmed to the flare pit. “The wellhead pressure increased rapidly to in excess of 5,000 psi as the well continued to clean up to the flare pit,” said Lion in a disclosure this morning.
The well continued to clean-up and was trimmed to a test separator on the day after and stabilized flow rates recorded on the evening. The well was flowing through a 16/64 inch choke during the stabilized test.
The stabilized gas rate stood at 6,900 MMscfD with barrels of 37.9 API condensate per 17.95 MMscf gas. The operator plans to drill the well to a total depth of 4,475.8 meters (14,685 feet).
The test rate was restricted due to the pressure rating of the lines downstream of the choke manifold limited to 700 psi.
Currently, the operator is completing build-up survey prior to killing well and pulling out of the hole with the test string.
Lion Energy controls 2.5% share in the PSC, while CITIC become operator with 51% ownership. Other shareholders in the block are KUFPEC (30%) and Gulf Petroleum Ltd (16.5%). (bintang@theindonesiatoday.com)