Scandoil  

Octagon 88 Resources announces Elkton service rig arrival


Published Oct 30, 2013
[an error occurred while processing this directive]

Edit page New page Hide edit links

Octagon 88 Resources, Inc.

Octagon 88 Resources Inc. is pleased to announce that the contracted service rig has arrived on October 25, 2013 at the Elkton well 9-4-92-23W5. The rig is set up and swabbing equipment has been set in place.

The operator reports that the service rig is presently swabbing the well and will swab the completed depth of the horizontal well being 1517 meters from surface. This stage includes setting the required tubing to approximately the 85-degree point in the horizontal well bore and commencing multiple swabbing insertions to bring the drilling fluids and drilling mud to surface.

Geologically Unique - Elkton Erosional Edge:

◾ 1.05 billion barrels PIIP (third-party validated). ◾ Primary recovery of oil in the Elkton Erosional Edge with 8% to 14% recovery rate with staged and scalable 5,000 bbl/d to 10,000 bbl/d projects. ◾ To be followed up with infill drilling and then subsequent pressure maintenance with and additional 8+% recovery rate for an estimated cumulative 200 million barrels. ◾ Recoverable peak production exceeding 30,000 bbl/d. ◾ Enhanced Oil Recovery (EOR) exploitation targeting an additional 10% to 20% recovery rate with proven EOR technologies.

Tags: Octagon 88 Resources




Advertisment:

Comments on this page are closed.

+ 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