Bengal Energy announces successful Cuisinier well stimulation programme

Bengal Energy Ltd has announced that the company and its joint venture parties have successfully completed the previously announced hydraulic stimulation programme on ATP 752 Barta Block.

The hydraulic stimulation campaign has exceeded Bengal's technical and commercial expectations. Four of the five wells have now been placed back into production demonstrating an aggregate incremental rate of over 200 gross bpd of oil or 61 bpd net to Bengal. Average gross production from the Cuisinier field in October 2015, prior to the shut-in of the five programmed wells, was approximately 1569 bpd (476 bpd net to Bengal).

Cuisinier 14, the fifth well stimulated as a part of the program, is expected to undergo post stimulation production testing in January 2016.

"We are very pleased with the results of our 2015 hydraulic stimulation program which has demonstrated the potential to significantly increase the performance of producing wells within the Cuisinier field. Prior to this program none of the 23 wells Bengal has drilled to date had been stimulated," said Chayan Chakrabarty, Bengal's President and CEO. "We have added to our production base, while providing an excellent foundation for future production additions, as other low cost, low risk stimulation opportunities are identified."

Bengal's strong net-backs continue to provide cash flow of approximately CAN$4.75/bbl at the current Brent price of US$28/bbl, before hedging and corporate overhead.

Edited from press release by Angharad Lock

Read the article online at: https://www.oilfieldtechnology.com/exploration/28012016/bengal-energy-announces-successful-cuisinier-well-stimulation-programme-2288/