The production casing has been set and cemented. A workover rig will be brought on location immediately in order to conduct completion operations and initiate production within the next two weeks.
Logging and initial petrophysical interpretations on the well identified 11 zones of interest. Strong oil and gas shows (C1 to C5) identified on mudlog and oil in cuttings were observed throughout the reservoir section (2,900mt MD to 3,445mt MD). The Penedo reservoir P13 interval at a depth of approximately 3,400 m MD will be perforated first during completion.
The company said that the partnership is considering the possibility of a dual completion to achieve the highest rates possible. The oil from the Tartaruga Field is good quality 41 degree API. Existing production facilities will allow for the immediate commencement of production.
Upon completion, the 7-TTG-1DP-SES well will be the second well in production on the Block. A workover of the first well SES-107D, is currently being planned which if successful may significantly enhance production levels.
Petro Vista holds a 37.5% working interest (27.23% net revenue interest) in the Tartaruga Block in partnership with Petrobras Brasilia, and operator UP Petroleo Brasil.
Read Taylor, president and CEO of Petro Vista, said: “The results of this well including multiple pays and long life reserve potential of this field give us further confidence in our strategic plan to develop these important resources. In addition to our existing two wells which will be producing in Tartaruga in the next few weeks we expect to drill an additional two development wells targeting these Penedo reservoirs funded from cash flow.”
