Range Resources Limited (LON:RRL) (ASX:RRS) said it has initiated a waterflood programme aimed at increasing water injection and oil production rates from early 2019 onwards as it expands in the South East (SE) area of the Beach Marcelle field in Trinidad.
The AIM-listed firm, which has oil and gas projects and oilfield service businesses in Trinidad and Indonesia said additional wells will be incorporated as part of the expansion programme, with up to 11 additional producers and 6 injector wells.
READ: Range Resources sees no impact resulting from Petrotrin refining changes
The company said a data collection programme on the selected wells is already underway, repairs of the existing pumps have been completed, and it is also working on updating waterflooding schemes for other areas of the Beach Marcelle field.
Yan Liu, Range's chief executive officer, commented: “Our initial plan is to complete data collection which will help us in gathering comprehensive information on the selected wells. We will be using the findings to activate additional wells and increase the waterflooding area of the SE Project.”
He added; “In tandem, we are continuing with our previously announced programme of infrastructure modernisation at the Beach Marcelle field which is expected to provide a greater resilience in the production infrastructure and accommodate the anticipated production growth at the field.
“Waterflood projects remain key to developing our large reserves base in Trinidad in the longer term and we look forward to continuing work to unlock the value of our assets."
