LGO Energy plc has provided an update on well maintenance and recompletion work plans previously announced on 14 and 31 March 2016, with the mobilisation of a second rig to the Goudron Field in Trinidad.
LGO's local subsidiary, Goudron E&P Limited, has mobilised a second workover rig to the field. The Altech-1 rig will be working alongside the existing rig, Altech-2, to deliver an accelerated well maintenance programme and various well recompletions, starting with the Goudron Sandstone in well GY-50.
LGO is also considering mobilising the company-owned workover rig, Columbus-1, to the field to provide further capacity over the next few months.
Neil Ritson, LGO's Chief Executive, commented:
"As a response to the recently announced reduction in over-riding royalties on Goudron oil and to a firmer oil price, work has begun on accelerating the restoration of production levels at Goudron. This increased activity has seen us require additional rig capacity and I am delighted that we can now report that we have a second rig back in the field."
Adapted from a press release by Louise Mulhall