Panoro Energy has announced the successful drilling and completion of the Guebiba 10 side-track well (Gue-10AST) located in the Guebiba oilfield in Tunisia and part of the Thyna Production Services (TPS) concession.
The Gue-10AST also encountered two separate commercial oil zones with encouraging results. In October, production has severally exceeded 5,000 barrels of oil per day (bopd), with the average gross production levels at TPS for October to date – 4,850 bopd (Panoro net 29.4%), before any contribution to come from Gue-10AST. Several planned workover activities are already complete with some still in progress.
The side-track was drilled with the CTF Rig-06, and it encountered a significant oil-bearing upper reservoir interval in the Douleb that shows there is potential for the future. The side-track then penetrated the targeted deeper Bireno reservoir, which proved to be oil-bearing and broadly in line with expectations.
The Bireno reservoir is the first to be produced, pending future development of the Douleb. The well is now temporarily closed in whilst the rig is demobilized from the location of the well. It is to be on stream by mid-November. Following depletion of the Bireno, the Douleb reservoir will be produced, and it is to deliver high rates of production for several years.
The Chief Executive Officer of Panoro, John Hamilton said, “We congratulate the entire teams at Panoro, ETAP, and TPS for the close collaboration on the successful drilling of the first well at TPS in the last 5 years. We had been able to resume postponed operational activities in August and the results are now starting to be harvested, despite very challenging logistical circumstances due to the current pandemic. The JV has raised production from about 4,000 barrels per day in the first half of the year to approximately 5,000 bopd. Further workover activity is also underway and we look forward to continuing to deliver organic growth at the TPS assets.”
This is the first well to be drilled at TPS since 2015, reflecting Panoro’s and partner ETAP’s resolve to increase production in the set of oil fields forming the TPS concessions.
%20located%20in%20the%20Guebiba%20oilfield%20in%20strongTunisia/strong%20and%20part%20of%20the%20Thyna%20Production%20Services%20(TPS)%20concession.The%20Gue-10AST%20also%20encountered%20two%20separate%20commercial%20oil%20zones%20with%20encouraging%20results.%20In%20October,%20production%20has%20severally%20exceeded%205,000%20barrels%20of%20oil%20per%20day%20(bopd),%20with%20the%20average%20gross%20production%20levels%20at%20TPS%20for%20October%20to%20date%20-%204,850%20bopd%20(Panoro%20net%2029.4%),%20before%20any%20contribution%20to%20come%20from%20Gue-10AST.%20Several%20planned%20workover%20activities%20are%20already%20complete%20with%20some%20still%20in%20progress.The%20side-track%20was%20drilled%20with%20the%20CTF%20Rig-06,%20and%20it%20encountered%20a%20significant%20oil-bearing%20upper%20reservoir%20interval%20in%20the%20Douleb%20that%20shows%20there%20is%20potential%20for%20the%20future.%20The%20side-track%20then%20penetrated%20the%20targeted%20deeper%20Bireno%20reservoir,%20which%20proved%20to%20be%20oil-bearing%20and%20broadly%20in%20line%20with%20expectations.The%20Bireno%20reservoir%20is%20the%20first%20to%20be%20produced,%20pending%20future%20development%20of%20the%20Douleb.%20The%20well%20is%20now%20temporarily%20closed%20in%20whilst%20the%20rig%20is%20demobilized%20from%20the%20location%20of%20the%20well.%20It%20is%20to%20be%20on%20stream%20by%20mid-November.%20Following%20depletion%20of%20the%20Bireno,%20the%20Douleb%20reservoir%20will%20be%20produced,%20and%20it%20is%20to%20deliver%20high%20rates%20of%20production%20for%20several%20years.The%20Chief%20Executive%20Officer%20of%20strongPanoro/strong,%20John%20Hamilton%20said,%20em“We%20congratulate%20the%20entire%20teams%20at%20Panoro,%20ETAP,%20and%20TPS%20for%20the%20close%20collaboration%20on%20the%20successful%20drilling%20of%20the%20first%20well%20at%20TPS%20in%20the%20last%205%20years.%20We%20had%20been%20able%20to%20resume%20postponed%20operational%20activities%20in%20August%20and%20the%20results%20are%20now%20starting%20to%20be%20harvested,%20despite%20very%20challenging%20logistical%20circumstances%20due%20to%20the%20current%20pandemic.%20The%20JV%20has%20raised%20production%20from%20about%204,000%20barrels%20per%20day%20in%20the%20first%20half%20of%20the%20year%20to%20approximately%205,000%20bopd.%20Further%20workover%20activity%20is%20also%20underway%20and%20we%20look%20forward%20to%20continuing%20to%20deliver%20organic%20growth%20at%20the%20TPS%20assets.”/emThis%20is%20the%20first%20well%20to%20be%20drilled%20at%20TPS%20since%202015,%20reflecting%20Panoro’s%20and%20partner%20ETAP’s%20resolve%20to%20increase%20production%20in%20the%20set%20of%20oil%20fields%20forming%20the%20TPS%20concessions.a%20href=https://ibekachikwu.com/wp-content/uploads/2020/11/41fe7b56-c315-4b59-ad6b-d28ada13ffb3.jpgimg%20class=size-medium%20wp-image-3051%20aligncenter%20src=https://ibekachikwu.com/wp-content/uploads/2020/11/41fe7b56-c315-4b59-ad6b-d28ada13ffb3-300x249.jpg%20alt=%20width=300%20height=249%20//a){kind=link}