Petro Matad has announced the flow test results from Heron-1, drilled in September in the north of Block XX. The well flowed hydrocarbons from a 12m interval from 2,834m in the upper portion of the Lower Tsagaantsav Formation without the need for artificial lift. The well flowed 46° API oil at an average rate of 200bopd, making it one of the lightest oils recorded in the basin. A peak production of 821bopd was achieved. We assumed an initial well production of 240bopd in our model. Petro
25 Oct 2019
Petro Matad - Commercial flow rate at Heron-1
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Petro Matad - Commercial flow rate at Heron-1
Petro Matad Limited (MATD:LON) | 3.9 0 2.6% | Mkt Cap: 43.4m
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25 Oct 2019 - Author:
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Petro Matad has announced the flow test results from Heron-1, drilled in September in the north of Block XX. The well flowed hydrocarbons from a 12m interval from 2,834m in the upper portion of the Lower Tsagaantsav Formation without the need for artificial lift. The well flowed 46° API oil at an average rate of 200bopd, making it one of the lightest oils recorded in the basin. A peak production of 821bopd was achieved. We assumed an initial well production of 240bopd in our model. Petro