Enegi Prepares Next Stage of Onshore Newfoundland Workover

- Enegi Prepares Next Stage of Onshore Newfoundland Workover

Monday, September 12, 2011
Enegi Oil Plc

Enegi Oil Plc on Monday announced that preparations for the next stage of the workover of its PAP#1 ST#3 well ('the Well'), onshore Newfoundland, are now close to completion. Delays have been experienced due to:

• Technical complexities associated with safely conducting the proposed operations; and
• The requirement for repeated stability and compatibility testing to ensure that the program achieves its desired results with no unforeseen long term implications for the well and no negative impact on personnel or the environment.

The results of this extended sequence of detailed tests and analyses are positive and the Company has entered into, and is close to concluding, commercial negotiations with service suppliers to undertake the program.

The Company has also been in regular communication with the Newfoundland and Labrador Department of Natural Resources ('DNR') throughout the planning process to ensure that any questions associated with the program have been addressed as they arise. The Company do not, therefore, anticipate any delays in gaining regulatory approvals, once the details of the program (equipment specifications, suppliers etc.) have been finalized and applications can be formally submitted. As stated previously, all the equipment and personnel required for the workover program will be mobilized to site once approval to commence the program is obtained from the DNR.

Whilst recommencing work at the Garden Hill South site has been the Company's primary focus during recent weeks, work is also ongoing to finalize plans for the proposed seismic survey over the PL2002-01 lease area, with a view to undertaking that survey during winter 2011/2012.

Alan Minty, CEO of Enegi Oil, commented:

"Whilst the last few months have been frustrating, we remain optimistic about the long term potential of these assets. We look forward to the commencement and outcome of the next phase of the work program, which will be the culmination of recent diligent and prudent planning."

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Enegi to Begin Second Phase of Workover at Newfoundland Well

- Enegi to Begin Second Phase of Workover at Newfoundland Well

Wednesday, July 27, 2011
Enegi Oil plc

Enegi announced that a program for the next stage of the workover of its PAP#1 ST#3 well ('the Well'), onshore Newfoundland, has been submitted to the Department of Natural Resources ('DNR'). The well was drilled in 2008 and, following flow tests in 2009 and an extended well test in 2010, reworked in late 2010 and early 2011. The first phase of this workover program has increased the pressure recovery rate and improved reservoir connectivity, and the encouraging results have moved the company to undertake a second phase in the hope of achieving further improvements. The proposed program should commence in the next 2 weeks and take a maximum of 4 weeks to complete. The latest initial program results and proposed second phase of the workover are as follows:

Initial Program Results

• The time taken for the bottom hole pressure to recover from approximately 18,000kPa to 31,000kPa was 8 days in June 2011, compared to 229 days following the initial flow test in 2009 and 68 days immediately after the initial stages of the workover in November 2010.
• The initial results of the first chemical soak indicate improved connectivity between the wellbore and the reservoir.
• Between May 31 and June 3, 2011, the well was flowed, as part of testing, for 9.5 hours each day, through a 94% choke, and produced between 75 and 94 barrels each day.

Proposed Workover: Second Phase 

• Flow the Well for a 3 day period to gather data to confirm the full effects of the first chemical soak.
• Squeeze paraffin solvents and dispersants, followed by dead crude, down the Well.
• Shut in the Well to monitor pressure recovery over 60 hours and flow the Well for a further 2 day period to gather data before squeezing further chemicals, dead crude and acid down the Well.

Depending on the results observed during this initial period, the Company may choose to shut the Well in for a further period, flow it back or prepare to re-acidize. Once complete, and again dependent upon results, the workover program will be followed by an extended well test, during which the parameters for production from the Well will be determined and preparations for production, including applications for all necessary approvals, will be completed.

The results of the program will also be accounted for in a revised resource estimate for the Company's assets in the region, which is currently being undertaken by AJM Deloitte of Calgary.

Equipment and personnel required for the workover program will be mobilized to site once approval to commence the program is obtained from the DNR. The Company will provide further details over the coming weeks.

Alan Minty, CEO of Enegi Oil commented, "As previously announced indications are that the completed elements of the workover allow a sustainable production rate of 200 bopd which would mean the well is economic. The results of the Initial Program are encouraging and we eagerly await the outcome of the Second Phase."

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Matra Completes Workover Well in Sokolovskoe Field

- Matra Completes Workover Well in Sokolovskoe Field

Wednesday, July 20, 2011
Matra Petroleum plc

Matra announced an update on operations in the Sokolovskoe Field, Russia.

The planned workover on well-12 was completed at the end of June by installing a production packer, with the intention of isolating the productive zones in the well. The well was returned to production by swabbing on July 2 and has been on production since that time. During this period the well has averaged 352 bpd with a water cut of around 42% (net 203 bopd).

Fluid loss from the annulus confirmed a leak in the casing/liner system, although installation of the production packer has not stopped water production as intended. Well-12 was drilled through the oil-water-contact ('OWC') and encountered various operational problems during drilling and side-tracking, making definitive analysis difficult. Well performance has been reduced by the presence of water in the tubing and the high viscosity of the resulting oil/water emulsion. At the current time, the source of the water has not been identified and the well will continue on production and to be monitored.

It is planned that future wells will be terminated above the OWC thereby facilitating good cement bonding and zone isolation. The independent study carried out last year by ERC/Equipoise concluded that the Company should encounter better reservoir to the north of the two existing wells where full development of subsurface reefs are expected.

Planning and approvals for the full field 3D seismic survey and the drilling of well-14 are continuing with both operations intended to commence later this year.

Matra's Managing Director, Peter Hind commented, "Well-12 continues to produce commercial quantities of oil and is generating cash flow. The well has also provided us with invaluable data on the structure of the Sokolovskoe Field. Given our improved knowledge from the data, the independently verified study of the field's potential and the forthcoming 3D seismic survey, we look forward to progressing with Well-14 later this year."

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FMC Technologies to Supply Workover System at Statoil's Statfjord Field

- FMC Technologies to Supply Workover System at Statoil's Statfjord Field

Wednesday, June 01, 2011
FMC Technologies Inc.

FMC Technologies has signed an agreement with Statoil for the manufacture and supply of a workover system to support the Statfjord field. The award has a value of approximately $70 million in revenue to FMC Technologies.

Statfjord is one of the oldest producing fields on the Norwegian continental shelf and one of the largest oil discoveries in the North Sea. Statoil will use the workover system to perform intervention activities on their subsea wells in order to increase performance and enhance oil recovery. It will be the first standardized workover system supplied to Statoil by FMC.

"This workover system is designed to support Statoil's rig scheduling program and its standardized subsea equipment," said Tore Halvorsen, FMC's Senior Vice President of Global Subsea Production Systems. "As a result, rig time can be more efficiently allocated, reducing costs and enhancing productivity."

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EGPI Firecreek Briefs Workover Programs at Tx. Wells

- EGPI Firecreek Briefs Workover Programs at Tx. Wells

Tuesday, May 31, 2011
EGPI Firecreek Inc.

EGPI Firecreek announced the progress for two well workover programs in its recently acquired oil and gas interests in the Tubb Leasehold Estate located in the AMOCO/CRAWAR Field in Ward County, TX.

The Company via its operator and co-partner, Success Oil Co., Inc., has completed its workover program on the Crawar (Highland) #1, successfully perforating 200 feet in the Glorietta zone at approximately 3,700 to 3,900 ft., then acidizing-stimulating the depths perforated. Operations subsequently commenced clean up procedures for the well, and completed connections to the existing gas pipeline. Although preliminary reports are favorable, full production data has not yet been made available.

Additionally, the Company has initiated its work program for the Tubb 18-1 well located on the North 40 acres, having perforated select segments of both the Upper Clearfork zone at approximately 4,100 to 4,200 ft. and the Tubb zone at 4,517 to 4,600 ft. This week Success Oil will acidize and remove all the acid and water before executing a fracking procedure in order to stimulate the well formations prior to placing the well back into production.

Dennis Alexander, CEO and Chairman, stated, "We are very pleased with our recent progress in the Tubb Field and are extremely confident that there is a great opportunity ahead for significant expansion. Our Engineers and Operators have identified several good structures for additional oil and gas development in the Tubb field and we are now in negotiations to further develop these leases."

As previously reported, EGPI Firecreek's management is actively expanding its Oil & Gas and Alternative Energy divisions. Current and forecasted demand for both conventional and alternative energy sources are expected to present significant opportunities for the Company giving them the ability to expand their energy operations. EGPI continues to pursue proven production targets, acquisitions for oil & gas business, and strategic alliances for its Alternative Energy division.

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Leni Updates Workover Ops at Spanish Wells

- Leni Updates Workover Ops at Spanish Wells

Thursday, May 26, 2011
Leni Gas & Oil plc

Leni announced further details of the well work-over operations being performed at its 100% owned Ayoluengo and Hontomin Oilfields in Northern Spain.

As planned, Société de Maintenance Pétrolière ("SMP") and Services Pétrolièrs Schlumberger ("Schlumberger") were mobilized to the field in the week of April 26, 2011. The SMP-2 rig and the Schlumberger wireline unit have been used in tandem with the Company-owned Cardwell work-over rig to advance work on two wells simultaneously.

As previously announced in March, the work program is focused on six high productivity wells in the central area of the Ayoluengo Field (Ayo-4, 5, 32, 36, 37and 46) and will additionally include the perforation of approximately 40 meters of previously untapped reservoir in the Hontomin-2 well on the nearby Hontomin Field.

To date, wells Ayo-4, Ayo-5 and Ayo-32 have been logged. Wells Ayo-4 and 5 have been perforated and both have been recompleted for production. In well Ayo-4 a total of 23.7 meters of new perforations were added and 25.2 meters of existing open perforations re-perforated. In well Ayo-5 new and repeat perforations were 16.9 and 19.9 meters respectively. Re-perforation is intended to help remove scale build-up and increase the area of contact between the reservoir and the well bore.

Wells Ayo-4 and 5 have been returned to production and the completion of Ayo-32 is expected to be concluded within a week. Well Ayo-5 continues to clean up, stable flow rates have not yet been measured, however, based on the electric logs run in the well it is believed that additional production capacity will be achieved over the next few weeks. Well Ayo-4 was placed back on production on the 25 May 2011 and production data is not yet available.

The SMP-2 rig has now been moved to well Ayo-37 and operations are underway with 5 meters of new perforations and at least 28 meters of re-perforating planned. Additionally, an electric down-hole submersible pump will be installed in well Ayo-37 when logging and perforation operations have been completed. The CPS Cardwell rig will shortly be moved to Hontomin-2 to prepare the well for perforating.

Neil Ritson, LGO Chief Executive commented, "We are very happy with our progress so far and remain on time and budget with about 45% of the program completed. It is too early to predict the production impact of the work, however, the amount of previously untested net pay we have been able to access is slightly more than was estimated in the initial plan."

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Nitro Commences Workover Program at Ok. Wells

- Nitro Commences Workover Program at Ok. Wells

Friday, May 20, 201
Nitro Petroleum Inc.

Nitro has commenced a workover program on the Plummer #1 and #2 wells located in Garvin County, Oklahoma. The Company can report that the Plummer #1 procedure was to open into the Lower Viola section and was completed on Thursday. The well is now back on and currently in production. The increased production rates from the procedure are being monitored and will be released next week. The service equipment has been moved to the Plummer #2 and the Company has started the rework program on this well. Nitro has a 25% work interest in this project which consists of 7 wells. Once we have a stable production rate, we will be able to predict the added cash flow for Nitro Petroleum Inc.

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