Mtsare Khevi field development and finds by Frontera
Drilling Activity Details
Drilling Activity Summary
Description
Houston-based Frontera Resources Corp. reports positive results from a development program in Mtsare Khevi Field. Four recent wells have been drilled targeting the Upper Pliocene-age Akchagil formation: #13MK, #14MK, #22MK and #23MK were drilled to around 355 meters and each encountered three hydrocarbon-bearing zones between 200-315 meters. Initial results indicate a structure larger than anticipated. New plans require remapping of the field and drilling about 40 wells in 2009. The #12MK and #13MK currently produce about 31 bbl. of 21-degree API oil per day. Once in production, Frontera expects to produce 250 bbl. per day, and 400 bbl. per day after additional exploration and testing of Pliocene and Miocene reservoirs. Mtsare Khevi Field is in the western portion of Block 12.
Houston-based Frontera Resources Corp. reports positive results from a development program in Mtsare Khevi Field. Four recent wells have been drilled targeting the Upper Pliocene-age Akchagil formation: #13MK, #14MK, #22MK and #23MK were drilled to around 355 meters and each encountered three hydrocarbon-bearing zones between 200-315 meters. Initial results indicate a structure larger than anticipated. New plans require remapping of the field and drilling about 40 wells in 2009. The #12MK and #13MK currently produce about 31 bbl. of 21-degree API oil per day. Once in production, Frontera expects to produce 250 bbl. per day, and 400 bbl. per day after additional exploration and testing of Pliocene and Miocene reservoirs. Mtsare Khevi Field is in the western portion of Block 12.