Triangle Energy (Global) Limited: Cliff Head Operations Update
Tuesday 16 October 2018
The Board of Triangle Energy (Global) Limited provided the following update on its Cliff Head operations.
On 10 October 2018, production well CH12H was successfully returned to production. After the installation of a new downhole electric submersible pump (ESP) and following a cycle of performance testing and verification (carried out over the weekend commencing 12 October 2018), the Company expects production associated with CH12H to stabilise at approximately 230 bopd after a period of higher flush production. Cliff Head field production is expected to return to approximately 750 bopd (100% JV basis).
The Company is continuing with the program to identify and capture production optimisation opportunities. Focus is now shifted to the CH07 production well where activities associated with the well work over have commenced using the Company’s coil tubing unit (CTU).
Background
On 30 May 2018, a technical issue occurred during steady state production operations which caused well CH12H to stop producing. It was confirmed the issue was associated with production well CH12H’s ESP.
In order to maximise utilisation of the CTU, it is Triangle’s intent to incorporate the CH12H’s ESP replacement (now completed) within a wider offshore campaign that aims to target other identified production optimisation opportunities.
The Company will keep the market informed.