RRS 0.00% 0.1¢ range resources limited

If the Iranians close that strait this could double one day easy...

  1. 25,691 Posts.
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    If the Iranians close that strait this could double one day easy IMHO
    " Range, an international oil and gas company with assets in Trinidad and Indonesia, and an oilfield
    services business in Trinidad, provides an update on the operations at the Perlak field, Indonesia.
    As previously announced, the operator of the project commenced reopening and workover operations
    on the selected wells. Following the reactivation operations on the first well (POG-D), the well produced
    145 barrels of high-quality light oil from one of the multiple production zones over intermittent pumping
    periods of approximately 117 hours during a two-week timeframe. Further studies and tests are underway
    to establish a stable production rate.
    The rig was subsequently mobilised to the second well in the work programme (the POG-E well) and
    commenced reopening and workover operations on the well. There is a downhole obstruction in the well,
    which workover operations are attempting to remove.
    As announced on 22 March 2018, the agreed programme for the year comprises reopening of up to ten
    existing, previously producing wells; two workovers of previously producing wells (POG-D and POG-E
    wells); and geological, geophysical and integrity studies.
    The work programme is expected to add up to 200 bopd of production (gross). The produced oil will be
    trucked to Pertamina EP Pangkalan Susu field located 153 km away and exclusively sold to Pertamina,
    an Indonesian state-owned oil and natural gas corporation.
 
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