Frontera Resources, along with its subsidiaries, is engaged in the development of oil and gas projects. The Company has focused its activities on the onshore Kura Basin situated between the Caspian Sea and the Black Sea in the nations of Azerbaijan and Georgia.
Frontera Resources restarts development drilling at Mtsare Khevi in Georgia
March 17 2009, 10:32am
Independent oil and gas exploration and production company Frontera Resources Corp said it is continuing its development drilling program at the Mtsare Khevi Field in the country of Georgia, following a brief pause to study results from the 13 wells that had been drilled through December,
The Mtsare Khevi #27 development well was recently drilled and completed and is currently
being placed into production. This well is part of an ongoing program designed to continue to increase production and expand development drilling into the northwestern portion of the Mtsare Khevi field'sstructure.
Results from wells drilled in this portion of the field have yielded the best sustainable daily production rates from the historical drilling campaign to date, averaging 30-40 barrels per day per well from one of three objective horizons.
Daily production from the field is currently approximately 140 barrels per day of oil and is expected to continue to increase as a result of ongoing operations.
With the continuation and increase of sustainable production, permanent processing facilities are currently being constructed within the field.
Additionally, as five wells to date are considered to be reserved for future gas production, a study is underway to determine the feasibility of commercializing this resource, as the local gas sales grid is situated within five kilometers of the field, Frontera said.
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