Citation Resources starts oil, gas flow from Atzam #4 well in Australia

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back

Related stories

Trump Administration Keeps Eddystone Power Plant Running

As a precautionary measure against electricity shortages in the...

ADNOC Deepens Energy Partnerships with US Companies

  Strategic agreements announced during UAE-US business dialogue with...

The UK Can Get 50% Oil & Gas Locally from North Sea – OEUK

The UK still happens to hold quite a significant...

Algeria Aims Annual Natural Gas Production of 200 Billion M3

Algeria has gone on to make clear its energy...

Australia-based energy and exploration company Citation Resources has commenced oil and gas flow from its Atzam # 4 well in the Upper C17 carbonates in the Atzam field.

Citation along with the operator of the field, Latin American Resources, reported that the well is flowing unassisted oil and gas volumes at the surface at 7 foot section in the Upper C17 carbonates and has announced the well commercial.

The well produced 610 barrels of oil per day (bopd) at an average rate over for 24 hours without acid wash of the section or well swabbing and is considered a strong endorsement of the commercial potential of the well.

Latin American Resources drilled the well in the reservoir from 2846ft to 2853ft, while the well immediately started producing fluids and gas to surface without assistance.

The operator calculated natural reservoir pressure of over 1300psi and confirmed that the open reservoir section in the Upper C17 carbonate is producing good quality oil.

Oil produced at the well is being stored to be sold later. With the volume of oil being produced at the reservoir pressures, the operator is unable to immediately test a highly prospective 13 foot section in the Upper C17 above the producing unit or the C13 and C14 carbonate sections that are the producing units in the Rubelsanto Field.

Citation is at present earning a 70% interest in the project through the funding of the Atzam #4 well and associated programs on the Atzam and Tortugas projects.

 

Latest stories

Related stories

Trump Administration Keeps Eddystone Power Plant Running

As a precautionary measure against electricity shortages in the...

ADNOC Deepens Energy Partnerships with US Companies

  Strategic agreements announced during UAE-US business dialogue with...

The UK Can Get 50% Oil & Gas Locally from North Sea – OEUK

The UK still happens to hold quite a significant...

Algeria Aims Annual Natural Gas Production of 200 Billion M3

Algeria has gone on to make clear its energy...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back