Deep Well Production at BNG

Source Press Release
Company Caspian Sunrise Plc 
Tags Production/Development, Discovery, Upstream Activities
Date January 25, 2022

Deep Structures

 Deep Well A8

The Board of Caspian Sunrise is pleased to report initial production from Deep Well A8 on the Airshagyl structure at the Group's flagship BNG Contract Area.

 Production from the first of three intervals planned for testing has been at the rate of approximately 120 bopd for several days. Work continues to establish the full potential of this well.

 Production levels

Aggregate production for the year ended 31 December 2021 was 533,857 barrels at the average rate of 1,462 bopd (2020: 545,667 barrels at the rate of 1,495 bopd).

 Production for sale in January 2022 is expected to be approximately 65,000 barrels.

 Comment:      

Clive Carver, Chairman said "The early results from Deep Well A8 are encouraging. With international oil prices in excess of $85 per barrel the Company is set for a good year."

Source: EvaluateEnergy® ©2022 EvaluateEnergy Ltd