logo-loader
Columbus Energy Resources PLC

Columbus Energy Resources updates investors as Inniss-Trinity enhanced recovery project advances

The pilot project aims to provide insights for a possible a larger scale EOR venture.

Columbus Energy Resources PLC - Columbus Energy Resources updates investors as Inniss-Trinity enhanced recovery project advances
It has moved closer to gas injection at the AT-5X well

Columbus Energy Resources PLC (LON:CERP) has updated on its enhanced oil recovery (EOR) project at the Inniss-Trinity asset in Trinidad.

In a statement it noted that work is continuing to advance the carbon dioxide injection pilot project, with a successful well work-over completed to enable a downhole survey in the AT-5X well.

The work is a precursor to future gas injection programmes.

"The company continues to advance the CO₂ pilot project,” said Leo Koot, Columbus executive chairman.

“We believe the CO₂ pilot project on Inniss-Trinity will give all parties a valuable insight into an alternative enhanced oil recovery mechanism for Trinidad and has the potential to transform oil & gas operations in the Inniss-Trinity field and in similar fields in Trinidad."

Columbus noted that the preferred downhole completion design has been determined to be operationally viable.

Additionally, the partners have identified and successfully isolated the key reservoir interval for the first CO₂ injectivity test.

Quick facts: Columbus Energy Resources PLC

Price: £0.05

Market: AIM
Market Cap: £38.32 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Columbus Energy Resources PLC named herein, including the promotion by the Company of Columbus Energy Resources PLC in any Content on the Site,...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Columbus Energy's Koot details upcoming drill programme and significant new deal

Leo Koot, chief executive of Columbus Energy Resources PLC (LON:CERP), talks Proactive London's Andrew Scott through the plans for an upcoming drill campaign on the South West Peninsula as well as touches on some of the early detail around an 'exclusive M&A deal' which he's currently...

on 17/4/19

2 min read