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Tuesday, October 27, 2015
Mart Resources and its co-venturers, Midwestern Oil and Gas Company (operator) and SunTrust Oil Company issued a production update for the Umusadege field in Nigeria for September. The partners saw an average production rate of 20,330 bpd for September, based on actual production days for the month the partners saw an average flow rate of 20,900 bpd. The field was only shut down for less than one day during the period.
Several wells in the Umusadege field produce water in addition to crude oil, which is stored, treated, and re-injected into the water disposal well. The current volume of water produced if all wells are on stream is up to 9,000 bpd. The current pump capacity for the installed water injection pumps is 8,000 bpd, however the water injection system is undergoing maintenance at this time. Expansion of water handling facilities is planned to be included in the 2016 budget.
The partners spud the UMU-15 well on October 13. The well is being drilled from the UMU-13 well pad location to target the east accumulation that was previously appraised by the UMU-13 well. The intended sands for completion in the UMU-15 well will be those oil bearing sands discovered in the UMU-13 well that were not completed. The UMU-15 well is currently at a depth of 5,010 ft, and 9 5/8 inch casing is being run and cemented to this depth. After the casing is set, drilling will continue to the planned total depth of 9,300 ft.
As previously announced, initial clean-up of the UMU-14H well was concluded in September 2015. The well has been producing for 32 days and is currently producing 2,675 bpd of oil with no watercut. Detailed testing information will be released upon the conclusion of the Maximum Efficient Rate (MER) testing program. The MER testing is planned to take place approximately within the next month.
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