Scandoil  

Interra begins drilling at CHK 1177 well in Myanmar's Chauk oil field


Published Jan 1, 2014
Interra Resources Limited-2

Interra Resources Limited announced that its jointly controlled entity, Goldpetrol Joint Operating Company Inc. (Goldpetrol), has commenced drilling development well CHK 1177 in the Chauk oil field in Myanmar. Interra has a 60 percent interest in the Improved Petroleum Recovery Contract of the Chauk field and also owns 60 percent of Goldpetrol which is the operator of the field.

CHK 1177 is being drilled by using Goldpetrol’s ZJ 450 rig, thus drilling costs are expected to be relatively low. Interra’s share of the cost of drilling will be funded from existing funds on hand. CHK 1177 will be drilled to a targeted depth of 3,300 feet as an infill development well and a southern offset to CHK 1171, which was completed as an oil producer in August 2013 at an initial rate of 125 barrels of oil per day. The primary objective is to accelerate production from the oil reservoirs that produce from the wells in this fault block.

Tags: Interra Resources Limited




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml