Albas Horse Hill stablemate UKOG highlights Sim-Ops success as drilling and oil production continues
Alba Mineral Resources plcs (LON:ALBA) Horse Hill stablemate UK Oil & Gas PLC (LON:UKOG) has this morning reported that “simultaneous drilling and test production operations” (or Sim-Ops) have been successfully implemented at the English oil project.
Put simply, UKOG explained that since 29 September there has been production testing in the HH-1 wells Kimmeridge zone at the same time as drilling is underway for the new HH-2/2z well.
In a statement, UKOG highlighted that test production from the Kimmeridge now stands at over 41,800 barrels – with the zone yielding light, sweet 40° API crude – and that the overall extended production has unearthed a total of 71,368 barrels (with the balance coming from the shallower, conventional Portland reservoir).
HH-2/2z, being drilled presently, is targeting only the Portland. It will comprise a vertical pilot hole, which according to an update this Monday is nearly complete, and, a horizontal well which will stretch some 1,000 metres into the most productive part of the reservoir.
UKOG today highlighted that the Sim-Ops have allowed the continued collection of important production data whilst allowing revenue generation to continue, to offset drilling costs.