Interra owns 60% of Goldpetrol which is the operator of the field as well as holds 60% interest in the improved petroleum recovery contract of the Chauk field.
The L 141 well is scheduled to be to a total measured depth 2,600ft using hired ZJ 750 rig while Interra’s share of the drilling cost is funded from existing funds on hand.
The second directional well to be drilled from the west bank of the Ayeyarwaddy River, L 141 will be the first well to be drilled under the river to have shallower reservoirs as the primary target.
The well could set-up several offset locations if drilling in an up-dip position to several older producing wells is successful.
Chauk Development Well L 141 drilling and completion results are expected to be available in approximately six weeks, according to Interra estimates.
