Interra has a 60% interest in the improved petroleum recovery contract of the Yenangyaung oil field and also owns 60% of Goldpetrol, which is the operator of the field. YNG 3234 was drilled using Goldpetrol’s cooper LTO 350 rig and as such, drilling costs have been minimized, the company said.
YNG 3234 is producing through perforations in five lower sand objectives at rate of 68 barrels oil per day. This well is a continuation of Goldpetrol’s focus on drilling shallow to intermediate depth wells and optimized reactivations of old wells that have been identified from geologic and reservoir engineering studies.
