logo-loader
viewColumbus Energy Resources PLC

Columbus Energy advances towards enhanced oil recovery project in Trinidad

“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," chief executive Leo Koot said.

Columbus Energy Resources PLC - Columbus Energy Resources advances towards enhanced oil recovery project in Trinidad
The AT-5X and AT-13 wells will be used in the project

Columbus Energy Resources PLC (LON:CERP) told investors that work is continuing with partner Predator Oil & Gas to advance the enhanced oil recovery pilot project in the Inniss-Trinity area, in Trinidad.  

The company, in a statement on Thursday, note that it has successfully completed workover operations to survey the AT-4 and AT-13 wells downhole. This work is prerequisite to future gas injection programmes.

Predator has informed the company that, based on the AT-13 findings, the Herrera #2 Sand has been selected as being accessible for CO₂-driven enhanced oil recovery (EOR).

In effect, this has meant that the previously surveyed AT-5X well and the AT-13 well have been identified as the preferred initial wells for CO₂ EOR operations.

"Columbus and Predator continue to advance the CO₂ pilot project,” said Leo Koot, Columbus chief executive.

“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. 

“We look forward to working with Predator to further advance the project."

Quick facts: Columbus Energy Resources PLC

Price: 1.825 GBX

AIM:CERP
Market: AIM
Market Cap: £17.21 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...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Analyst Ryan Long asks if we could be facing a sustained uptrend in the...

Proactive analyst Ryan Long says silver has been turning heads in recent months and there are signs of a sustained near-term uptrend that could extend for some time. He says the gold-silver ratio has now risen from a low of 34.7:1 in April 2011, its lowest level since 1979, to its highest level...

27 minutes ago

2 min read