Prospex Energy announces progress on Viura-1B well testing onshore Spain
Published by Alfred Hamer,
Editorial Assistant
Oilfield Technology,
Prospex Energy plc, the investment company focused on European gas and power projects, has announced an update on the schedule of the flow testing at the Viura-1B development well, which is expected early in December. The Viura-1B development well which has been drilled by HEYCO Energy Iberia S.L. (HEI) reached its revised targeted Total Depth (TD) of 4500 m, which is 4100 m True Vertical Depth (TVD), on 21 October 2024 in the 6 in. hole section of the bottom 450 m of the well.
Prospex owns 7.2365% of the Viura field through its ownership of 7.5% of HEI. Prospex will receive 14.473% of the production income from the Viura gas field until payback of its initial capital investment from the acquisition in August 2024.
The Viura-1B well is currently being connected to the existing gas processing facilities on site in order to prepare for the imminent flow testing programme, thus immediately generating revenues, with production income expected early in December 2024. Following flow testing, the well will be placed on long-term production.
The Viura-1B well was deepened by 450 m in order to appraise the undrilled Utrillas-B formation and assess if it was gas bearing. Having confirmed the presence of gas-bearing reservoir quality sandstones in the Utrillas-B, the operator completed this interval with a cemented 4½ in. liner. The flow testing program for the Utrillas B section will be performed during the planned plant shut-down in 2H25.
The drilling rig has been moved from the Viura-1B well site location to the produced water disposal well Viura-3 site in order to re-instate its operability to better manage produced water from the existing Viura-1 ST3 production well.
Mark Routh, the CEO of Prospex, commented: "The Viura-1B development well has been successful and we await confirmation of the anticipated flow rates from the substantial reservoir sections encountered in the main reservoir target of the so-called Utrillas-A formation. Analysis is ongoing to fully assess the implications of the well results to the recoverable reserves from the Viura field, the flow test numbers will enable confirmation that the project has met and hopefully exceeded its pre-drill objectives.
"I look forward to updating shareholders with results from the flow testing and further analysis as soon we have firm data to share."
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/27112024/prospex-energy-announces-progress-on-viura-1b-well-testing-onshore-spain/
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