LGO Energy: Goudron update
Published by Louise Mulhall,
Editorial Assistant
Oilfield Technology,
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
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/06042016/lgo-energy-goudron-update/
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