LGO says that its latest development well, GY-675, at its flagship Goudron Field development in Trinidad, reached total depth at 3,660 feet measured depth on 30 June 2014. Electric log interpretation from both the Goudron Sandstone and C-sand intervals confirm the presence of recoverable hydrocarbons with the net hydrocarbon pay in the C-sand main target estimated as 260 feet. The next well, GY-676, in the 2015 program has now been spudded.
Well GY-675 is the fourth of seven wells currently planned for 2015 and the first well from drilling Pad 5 in the north-east of the field. Net oil pay in the Goudron Sandstone was encountered between 630 and 1,560 feet with an estimated 330 feet of total net pay. The oil bearing C-sand interval was encountered between 2,015 and 3,020 feet MD. Net hydrocarbon bearing pay in the C-sand interval is estimated as 260 feet. These observed net pay zones are in line with expectations for this well.