Scandoil  

Range Resources to test two wells in Trinidad


Published Mar 20, 2015
Range Resources Limited

Range is pleased to provide a Trinidad update with the following highlights: •Production increased by 23% from the previous month; •Testing on two wells in the South Quarry field is currently ongoing; •One further well is drilling ahead in the South Quarry field; •The sale of Range Resources Drilling Services Limited is on track to complete before the end of the month; •LandOcean has committed to add four new drilling rigs this year to the existing fleet to be available for drilling from Q3 2015; •Waterflood preparations are progressing, with the first preferred waterflood project now identified on Beach Marcelle field; •Waterflood studies have been extended to include further blocks; •In accordance with the revised internal forecast, management believes the production target of 1,000 bopd will now be achieved during Q4 2015.

Tags: Range Resources Limited




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