www.elixirpetroleum.com
Elixir Petroleum is an international exploration and production company listed on the Australian Stock Exchange (ASX:EXR). Elixir holds interests in producing gas and condensate fields located in the Gulf of Mexico and has extensive interests in exploration and appraisal licences in the UK North Sea. Elixir has recently acquired interests in two producing fields in the Gulf of Mexico which provide the group with cashflow from sales of gas and condensate. The company is focused on increasing its presence on the shallow water shelf of the Gulf of Mexico and continues to examine new projects in which to participate. Such projects typically display discovered reserves, nearby infrastructure and short cycle times to first production and cashflow.
Elixir Petroleum reports workover on well off Texas Coast is underway
A workover of Well #1 at the Pompano Field, part owned by international oil and gas producer Elixir Petroleum (ASX: EXR), has commenced, to wash out sand and shut down water production.
Elixir owns a 25% working interest in the Pompano gas field development and exploration project, located in Brazos Block 446-L SE/4, which is 7 miles offshore the Texas Gulf Coast.
The Pompano Project is located in 60 feet of water and has existing production infrastructure, including a platform and two satellite caissons tied back to the platform. The field has pipeline access to intrastate gas markets.
Work is presently underway to rig up coiled tubing which will be used to wash out the sand and clean out the completion down past the producing B Sand zone.
Thereafter, isolation operations will attempt to seal off with cement the deeper water bearing B2 Sands which are believed to be in communication with the B Sand reservoir.
Operations are expected to take a further two weeks to complete.
With the workover, the plan is for the well to be opened to production gradually, although this may take time to achieve full rates. The company said if successful, the workover should result in a significant increase in the gas production rate from the Pompano well.
