The company tested the deeper of the two gas-bearing zones with initial flows measured at five million cubic feet per day (mmcfd), before subsiding to 1.8mmcfd and 75 barrels of condensate.
Build up gas flows from the shallower zone were around 250,000cfd due to the presence of water reducing the flow.
“Paranta-1 has confirmed a liquids rich accumulation in the reservoir which is a very positive result for us,” said managing director Ray Shaw.
Production testing and seismic data has now shown the well to be located on the down-thrown side of a local fault block, resulting in the gas bearing reservoirs being intersected close to the gas-water contact and fault boundary.
“The gas is a bit deeper than previously thought. After remapping we realised the well is located on the down side of the structure near the water contact level. Subsequently the water is inhibiting the gas flow,” added Shaw.
“With Paranta-2 we hope to address the gas flow away from the water contact point, producing a reliable gas flow and a strong cash flow.”
It is now proposed to drill a development well, Paranta-2, at a structurally higher position above the gas-water zone, in order to increase gas flows.
