Beacon Energy plc plans to reinstall a rod pump to allow a stabilised flow rate at the Schwarzbach-2 sidetrack oil well in the Erfelden field, Hessen onshore Germany. FLOW RATE The company said that the electrical submersible pump (ESP) had been running at the lower limit of its operating range, at approximately 50 bopd – meaning […]
Tag: Erfelden field – Hessen – Germany
Beacon trims board as part of cost cutting
Beacon Energy plc has trimmed its board and plans to reduce operating costs following lower than expected oil flow from the Schwarzbach-2 sidetrack well in the Erfelden field, Hessen. CREDITORS The departure of NEDs Larry Bottomley, previously CEO, and Stephen Whyte leaves non-executive chairman Mark Rollins, CEO Stewart MacDonald, independent NED Ross Warner and NED […]
Beacon to cut costs under Erfelden poor show
Beacon Energy plc subsidiary plans to cut costs and open talks with its creditors as the Schwarzbach 2(3.) sidetrack well continues to perform below expectations in the Erfelden field, Hessen. CHALLENGES In early June, the electrical submersible pump (ESP) was producing intermittently with an apparent initial poor response from the reservoir. The company today said […]
Beacon finds ‘poor’ initial response at Erfelden
Beacon Energy plc said it was yet to stabilise rates after a poor initial reservoir response from the Schwarzbach 2(3.) (SCHB-2) sidetrack in the Erfelden field, Hessen. DATA Sand jetting operations completed in February to stimulate the well before production restarted with the rod pump. SCHB-2 began from the original well bore at a depth […]
Beacon sidetrack rig delayed for Erfelden
Beacon Energy plc said that mobilisation of the drilling rig has been delayed by approximately two weeks for the SCHB2 sidetrack in the Erfelden field. TIMELINE The rig, originally scheduled for mid-April, is currently contracted to a third-party operator for well operations some 50km from the company’s site. Beacon plans to begin side track operations […]
Beacon CEO Larry Bottomley to step down
Beacon Energy plc chief executive officer Larry Bottomley will step down from 1 June 2024. His replacement is the company’s chief financial officer Stewart MacDonald. Mr Bottomley, who will become a non-executive director, has more than 40 years’ industry experience and became Beacon’s CEO in January 2022. He was instrumental in re-establishing the company from […]