Silvermere confirm that preparations for production from the I-1 well on its Mustang Island asset located in Kleberg County, Texas waters in the Gulf of Mexico are on schedule for production to commence at the end of 2011.

The operator, Dominion Production Company has reported to the Company that platform construction is in its final stages with load-out operations about to get underway in Galveston. Load-out is scheduled to be completed by the 13th December.

Once load-out is completed, the loaded work barges will be mobilised to the designated platform location and made ready for installation. The installation programme is expected to take 14 days and will be completed by the tie-in of the well to the pipeline.

The Operator has also reported that the work to lay the 1,250 feet of 6-inch pipeline required to connect from the main 20-inch trunk line to the designated platform location is now scheduled to start on 15th December. Whilst this is slightly later than previously advised it is not expected to delay the start of production as this runs in parallel with installation.

Tags: Silvermere Energy