Golden Gate Petroleum Limited (“GGP”) (ASX:GGP) is pleased to provide the market an update on the 5H well which is part of the Permian Project in Texas, USA.
#5H Well Update
The 5H well has been converted to a gas lift system which has replaced the original electrical submersible pump (ESP). The ESP had been experiencing difficulties coping with the unexpected early breakthrough of gas and oil resulting in a high GOR (gas oil ratio) outside normal specifications for an ESP. After some mechanical difficulties with the compressor, gas injection has begun with the successful valve sequencing being achieved.
The initial 24 hour test recorded 244 bbl of fluid and 246 mcf of gas. Of the total fluid, 188 bbl of oil was recovered. The high level of oil recovery is most likely due to the oil accumulation around the well bore while the well was shut in for the change over from the ESP to gas lift system. Adjustments to the gas lift system continue in determining if the current configuration including bottom hole location will be effective in moving both frac fluid and hydrocarbons. It is too early to determine if our current lift system will achieve satisfactory long term results.
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