Predator Oil & Gas Holdings plc has altered the sequence of rigless testing of wells after making “good progress” on opening talks for a potential off-take agreement at Guercif.
MOU-3
The company integrated results from MOU-1 to MOU-4 wells before choosing MOU-3 as the focal point for a potential CNG [compressed natural gas] development hub.
MOU-3 well will be tested first to accelerate substantive negotiations for the sale of Predator’s share of gas produced at the well head, subject to approved plans.
“This will establish the potential to maximise gas flow rates for the purpose of setting commercial parameters for the sale of the company’s share of potential gas produced to the present and future CNG industrial market irrespective of pre-drill production profile constraints imposed by its initial ‘proof of CNG concept’ strategy.”
PERFORATING GUNS
Predator added that a delay of more than three weeks for an in-country wireline logging unit has resulted in the company’s slot for using Sandjet for perforating had expired and would now be rescheduled.
“A perforating depth control (PDC) log is required to depth correlate the perforating points with a similar log run before the casing was set during well completion.
“Critically this ensures that perforations are aligned with the reservoir sand intervals to be tested.”
Predator will use conventional perforating guns on MOU-3, expected to begin around 16 October, and MOU-1 to avoid further delays.
The company is also discussing financing with “several parties” of the CNG development, which would allow funds set aside to be used for follow-up appraisal drilling.