- Decklar Resources (DKL) has provided an update on its testing of and re-entry into the Oza-1 well in Nigeria
- L2.6 sand testing yielded 2,463 barrels of oil per day of 22 degree API sweet crude on a 32/40 inch choke setting
- Perforation and testing of the two other target zones is ongoing and expected to conclude in the coming weeks
- Decklar is an oil & gas company focused on the West African region
- Decklar Resources (DKL) closed up by 13.86 per cent trading at $1.15 per share
Decklar Resources (DKL) has provided an update on its testing of and re-entry into the Oza-1 well in Nigeria.
Re-entry has been successful with the old tubing and completion equipment removed, maintenance performed, and the deeper zones cemented off from the target reservoirs.
During initial flow testing of the L2.6 sand, the zone produced at multiple choke settings ranging from 16/64 inch to 32/64 inch over the 116 hour testing period.
Testing yielded a stabilized flow rate of 2,463 barrels of oil per day of 22 degree API sweet crude on a 32/40 inch choke setting. Flowing tubing head pressure was 450 psig during the last three hours of the 22.5-hour flow test at this choke setting.
Tests included less than 0.05 per cent basic sediment and water and no gas production.
The L2.6 sand is the deepest target zone of Oza-1’s re-entry program and has 21 feet of gross hydrocarbon pay thickness.
Perforation and testing of the two other target zones is ongoing and expected to conclude in the coming weeks. Decklar will then complete Oza-1 using a dual-tubing completion string to produce from the best two zones being tested.
The Oza Oil Field has significant export and production capacity, which will allow for the immediate export and sale of crude oil from the Oza-1 well.
Duncan Blount, CEO of Decklar Resources, stated,
“We are very pleased with these initial test results from the first of the three target zones of the Oza-1 well re-entry. After such promising well deliverability and commercial flow rates, we now look forward to completing the remaining Oza-1 well testing activities and commencing commercial production.”
Decklar is an oil & gas company focused on the West African region.
Decklar Resources (DKL) closed up by 13.86 per cent trading at $1.15 per share.
