During Sunday and Monday, SL 17316-1 well, produced 176 barrels of oil, 78,000 cubic feet of gas and 19 barrels of water on a 12/64-inch choke with a flowing tubing pressure of 2850psi, FAR said. The gas is being vented.
“While there have been some delays in bringing Bay Courant online, it is pleasing that first production corresponds with a period of record oil prices,” executive chairman Michael Evans said.
Elsewhere in Louisiana, work also continues at the company’s South Grosse Tete project (FAR 17%) with building in preparation for drilling the Schwing A-1 well.
The 11,650-feet well is planned to test the Upthrown Bolmex section of the South Grosse Tete Prospect, a three-way faulted closure, lying to the east of the Bayou Choctaw Northwest field, FAR said.
The section is estimated to have a potential three to five million barrels of oil. The well is due to be spudded in eight weeks.
