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BP Sees Good Results with Ugnu Heavy Oil Production Test
Sep. 16, 2011 06:54PM PST
Oil and Gas InvestingThe first of four test production wells drilled by BP into the large Ugnu heavy oil deposit on the North Slope is performing well.
The first of four test production wells drilled by BP into the large Ugnu heavy oil deposit on the North Slope is performing well.
The market news is quoted as saying:
BP’s first test well was encouraging. The well produced up to 650 barrels per day of oil mixed with sand and with the sand removed the net production was about 550 barrels per day, said Eric West, BP’s manager on the project. Production at the first test well began on April 22. “It was higher than we expected. It is a good well,” West said.
The Ugnu has huge in-place heavy oil resources with estimates as high as 23 billion barrels of oil in place in the reservoir, but BP and other producers have worked for several years on ways of producing the oil, which is very thick is consistency.