Gold Oil brings Burdine oil well online onshore Colombia

Source: Gold Oil

Through a successful workover program, Gold Oil has brought the Burdine-5 well onshore Colombia.

The three well workover program in the Burdine field that commenced in January 2011 is progressing in line with expectations, and the Burdine -5 well in the Putumayo Basin has now been brought on stream following a successful workover operation.

The workover program for the well was completed in February and since then surface facilities and artificial lift pumping mechanisms have been installed, ahead of original plans.

Initial flow rates indicated that the well will produce at approximately 350 barrels of fluid per day with a water cut of some 15%, giving an oil production rate of around 300 bopd. This compares with a rate of some 100 bopd produced during a long term production test in 2009. Greater definition of sustainable flow rates will be given once the well has been on production for a suitable period of time and the artificial lift mechanism and production facilities optimized.

The production from Burdine -5 is in addition to the current volumes produced from the Gold Oil operated Nancy -1 well of approximately 300 bopd and hence would effectively double Gold's total net production.

The workover rig has now moved to Burdine -1 and has commenced operations at that location.

Gold Oil plc holds a 58% working interest in the Nancy, Burdine, Maxine block and is the operator.



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