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Thursday, July 20, 2017
Sound Energy updated the extended well test on its TE-7 well in Morocco. In January 2017, the company finalized the draw down phase of its extended well test at TE-7. The well flowed close to 1.0 Bcf over a period of 56 days during this phase. The company has subsequently retrieved the downhole pressure gauges from TE-7 to analyze the initial reservoir pressure response.
Bottom hole pressure was recorded at 393.8 bar (against a final drawdown flowing reservoir pressure of 140 bar in January 2017, immediately following the test, and an original reservoir pressure of 422.6 bar). The company therefore concludes that TE-7 has demonstrated a very strong pressure recovery to date. As expected with low permeability reservoirs, the pressure build up is still ongoing and pressure stabilization is estimated to require a further six to eight months.
Reservoir simulations suggest that, once the reservoir has reached full pressure stabilization, the estimated connected gas volumes in place (gross, unrisked) for production from TE-7 are 40 Bscf. This is consistent with the Sound’s preliminary volume estimates announced on May 23 and enables the company to confirm a field development concept with regular spacing of sub horizontal stimulated wells, similar in design to TE-7.
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