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 progressing on Pompano oil field
International oil producer Elixir Petroleum (ASX: EXR) has reported that progress is being made on the workover of Well #1 at the Pompano Field.
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 workover operation is designed to remediate sand bridging which has occurred in the well and to shut off water production.
The well operator has advised that the sand present in both completion strings on Well #1 has been cleaned out utilising coiled tubing. The 6700 sand has been treated with a chemical gravel pack which is designed to prevent further sand production and water isolation operations have taken place on the B sands via the long string.
The operator reported that activities are underway to remove the fluids associated with the chemical gravel pack treatment in the 6700 sand.
After this procedure, the company said it is intended that preparations will commence for the re-perforation of the B sands.
Operations are expected to take a further week to complete.
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.
