London South East
By Maryam Cockar
LONDON (Alliance News) – Sound Energy PLC said on Wednesday its TE-7 well has demonstrated “very strong” pressure recovery to date at the Tendara reservoir in Morocco.
The London-listed upstream gas company said the pressure build up of the well is currently ongoing and pressure stabilisation is estimated to require a further six to eight months.
Reservoir simulations by Sound Energy have suggested that, once the reservoir has reached full pressure stabilisation, the connected gas volumes in place for production from TE-7 would be around 40.00 billion standard cubic feet.
Sound Energy said this is consistent with its preliminary volume estimates from May and allows the company to confirm a field development concept with regular spacing of sub horizontal stimulated wells at Tendara, which would be similar in design to well TE-7.
Following the extended well test on TE-7 during a draw down phase, the bottom hole pressure was recorded at 393.8 bar, a metric unit of pressure, against a final drawdown flowing reservoir pressure in January of 140 bar immediately following the test and an original reservoir pressure of 422.6 bar.
In January the company flowed close to 1.00 billion cubic feet over 56 days during the drawdown phase and Sound Energy said it has retrieved the downhole pressure gauges from TE-7 to analyse the initial reservoir pressure response.
Shares in Sound Energy were up 0.5% to 49.50 pence on Wednesday.
By Maryam Cockar; maryamcockar@alliancenews.com; @MaryamCockar
