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Wednesday, January 15, 2014
Cygam Energy provided an update on its activities in Tunisia, specifically the TT Field on the Bir Ben Tartar Concession (BBT) where it is partnered with Chinook Energy and ETAP. Gross production from the TT Field averaged 2,242 bpd (197 bpd net to Cygam) during Q4 2013. Average field water cut over the same period was stable at 29.5%. Artificial lift using jet pumps has now been implemented on wells TT2, TT10, and TT11 and water injection into the main reservoir using the TT12 well is expected to commence during the first quarter of 2014. A further four wells are expected to have artificial lift installed during 2014.
Work continues on installing an early production facility and gathering system which will result in existing wells being flow line connected to a central tank battery and process facility. It is expected that this substantial infrastructure upgrade will be completed during 2014.
The TT20 well encountered good reservoir intervals in the Lower Jeffara and Upper and Lower Bir Ben Tartar sandstones. Oil and gas shows were evident during drilling however, despite borehole log resistivities being very similar to other producers in the area, after completion and stimulation the well produced at high water cuts. At the TT21 vertical well production has remained stable and averaged 346 bpd gross during Q4 2013 with 0% water cut.
Cygam said the TT15, the first of six wells planned for the third phase drilling program, spud on December 22. The well reached a total depth of 1,510 meters on January 2 after being directionally drilled to a bottom hole location approximately 200 meters to the southwest of the surface location. Oil and gas shows were encountered in the Upper and Lower Jeffara and Bir Ben Tartar sandstone intervals during drilling operations. Completion operations at the well are ongoing. Cygam has budgeted for the drilling and completion of up to a further five vertical development wells on the TT Field during 2014. It is expected that these wells will be drilled back to back during H1 2014.
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