TSV 0.00% 0.8¢ transerv energy limited

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  1. 205 Posts.
    Warro partners hopeful of significant gas flows

    Monday, 15 June 2009

    PARTNERS in the Warro gas project in the Perth Basin are hoping an isolation bridge plug
    will stop the significant inflows of water in the Warro3
    well and result in a material
    increase in gas flows.
    Minority partner Transerv Energy said production logging tests on the well had been
    completed and showed about 60% of the total gas production was from the uppermost
    zone (zone 6), 27% from the middle zones (zones 3,4.1,4.2 and 5), and about 13% from
    the lower zones (zones 1 and 2).
    Importantly, the company said all the water was evaluated as being from zones 1 and 2
    and therefore a retrievable isolation plug set at the top of zone 2 should seal off the
    formation water.
    “If the isolation bridge plug is successful in eliminating the significant inflows of water to
    the well, a material increase is expected in the gas flow rate, more than offsetting the lost of modest gas
    production from zones 1 and 2.”
    Testing of Warro2
    began on May 2 and is expected to take up to 60 days.
    The constant presence of fluids in the well bore has restricted gas from reaching its optimal flow rate, though the
    increased gas flow that followed immediately after the well’s shutin
    period showed it was capable of greater rates
    of production.
    Should the well be successful, which appears to be increasingly likely, the joint venture between Alcoa, Latent
    Petroleum and Transerv could drill more than 200 wells on the field to produce an average of 100150
    million cubic
    feet of gas per day.
    The gas will be piped to the gasprocessing
    plant from various well pad groupings before being delivered to the
    Dampier to Bunbury and Parmelia pipelines.
    Alcoa is funding the evaluation program in return for a 65% interest in the project while unlisted private company
    Latent holds a 25% stake.
    Transerv owns the remaining 10%.


    Taken from the Transev website
 
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