Predator Oil and Gas provides operations update
Predator Oil & Gas has provided an update on its operations in Trinidad, Morocco and Ireland.
Following the successful completion of permitting and survey requirements, Predator Gas Ventures Morocco Branch (‘PGVMB’) has awarded the contract for the construction of the MOU-1 well pad platform and the improvement and extension of up to 5 kms of access roads to Moroccan company Skayavers Sarl. Civil works are to start immediately to facilitate the commencement of drilling activities next month. The MOU-1 well is located in the Guercif licence, which is prospective for Tertiary gas in prospects less than 10 kms from the Maghreb gas pipeline.
A further update on progress will be given upon completion of the well pad platform and the upgrade of access roads and tracks.
Inniss-Trinity C02 EOR
C02 injection recommenced, after receiving all regulatory consents and permits, at the AT-5X well on 1 April 2021.
By 18 May 159.7 metric tonnes of C02 had been injected, compared to 461.73 metric tonnes in 2020. Cumulative volume of C02 injected for 2020 and 2021 as of 18 May 2021 is 621.43 metric tonnes.
C02 injection has only been conducted during daylight hours to align operational activity with local COVID-19 restrictions and recently introduced lockdown curfews.
Based on the results of the 2020 Pilot C02 EOR project and reservoir engineering forecasts, it was estimated that an average daily C02 injection rate of 10 metric tonnes would be needed to increase reservoir pressures to the required level in order to optimise enhanced oil production. However based on the real-time downhole reservoir pressure data collected from 1 April to 18 May 2021, the rate of reservoir pressure build-up at AT-5X appears to be moderately more effective than the pre-injection forecasts predicted. This is despite the smaller cumulative volume of C02 injected compared to last year. As a consequence of these unexpected but positive results to date, the current C02 injection programme will remain unchanged, but closely monitored, for the immediate future.
Based on the 2020 Pilot C02 EOR data, the potential impact of C02 injection on enhanced oil production will not be realised until at least 62 days from first C02 injection on 1 April 2021. Further analysis of the results and the impact on enhanced oil production at the monitoring well will therefore be carried out in June. Previously identified wells requiring workovers to return the wells to production will be prioritised at that time based on those wells showing the first response to cumulative C02 injection.
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