Page 15 - LatAmOil Week 23 2022

LatAmOil NEWS IN BRIEF LatAmOil

This expanded programme of recompletions fol-
lows on from the successful recompletion pro-
gramme undertaken by the Company in March/
April 2022;
The reactivation of 10-12 wells currently
not on production, in both the Goudron and
Inniss-Trinity fields. This programme of work is
also expected to be completed by October 2022;
An extensive, continuous in-house swabbing
programme, across all of the Company’s fields.
A considerable number of wells across all fields The Company has applied for an extension of I look forward to updating on our progress as the
have seen fluid levels rise in the wellbore to the the initial period for undertaking an extended year progresses.”
extent these wells no longer flow, with swabbing well test in the Weg Naar Zee field, Suriname. Challenger Energy, June 7 2022
being a low cost means of reducing/removing This extension request recognises delays arising
these fluid levels, thus allowing the well to pro- from the pandemic, and will facilitate a techni- Yinson-Sumitomo
duce again; and cal reassessment of the drilling strategy for that
A single pattern water injection enhanced project, and in particular to consider the appli- holds naming ceremony
oil recovery (EOR) programme at the Goudron cability of horizontal drilling as well as steam
field, which is planned to commence in Novem- injection enhance oil recovery programme, for FPSO Anna Nery
ber 2022. both as a means of improving recoverability and
Additionally, ongoing investment is planned enhancing project economics. On successful Yinson Holdings Bhd, together with its project
in essential equipment purchases, including a application, it is expected that drilling will now partner Sumitomo Corp., officially named its
swabbing rig, vacuum tankers and other produc- occur during 2023. In parallel, the Company is newest asset, FPSO Anna Nery, during a grand
tion-related items, as well as upgrades and refur- also considering potential partnership opportu- naming ceremony held concurrently in Jiangsu,
bishments to equipment and facilities across the nities for this licence. China and Kuala Lumpur, Malaysia. Live feeds
portfolio. This investment is expected to improve In relation to enhanced oil recovery pro- from the two locations were shared virtually to
operational efficiency, increase facilities uptime, grammes generally, and as noted above, the work a global audience via a dedicated event website.
reduce individual wells downtime and increase programme for the balance of 2022 includes a FPSO Anna Nery is currently undergoing
workover rigs productivity, resulting in produc- single waterflood pattern at the Goudron field, final conversion works and is going to set sail for
tion delivery/cashflow improvements and cost and steam injection is being considered for the Brazil in Q3-2022, where it will be deployed at
savings. Weg Naar Zee project in Suriname. Further the Marlim Field located in the eastern part of
Sohan Ojah-Maharaj, as both Trinidad waterfloods at the Goudron field will be consid- the Campos Basin, about 150 km offshore Rio de
Country Manager and an experienced petro- ered for 2023, based on the technical outcomes Janeiro. The asset will be stopping for a few days
leum engineer, led a comprehensive review of of the initial work in 2022. A proposed CO2 in Singapore and Mauritius for crew change and
the well stock, reservoir performance and mod- injection enhanced oil recovery programme for fresh supplies.
els, and field management structure in formu- the Inniss-Trinity field is undergoing a detailed The naming ceremony was graced by Bah
lating the work programme, and will now lead technical review for potential execution in 2023. Kim Lian, Lady Sponsor of the FPSO. Also in
delivery of that work programme for the balance Eytan Uliel, CEO of Challenger Energy, said: attendance in Kuala Lumpur were Yinson Group
of 2022 and into 2023. “Over the past six months, we have worked Executive Chairman Lim Han Weng, General
The Company notes the planned work pro- hard to redefine Challenger Energy’s operations Manager of Sumitomo’s Energy Department
gramme for the balance of 2022 represents a around a simple strategic focus: to build cash- Wataru Sato and Petrobras General Manager
decision to undertake a diverse range of produc- flow from our production base in Trinidad and Marcio Mattoso de Padua giving a recorded
tion-enhancing activities and gain associated to reach a point where as a group we operate on speech, alongside Yinson’s Board Members
information from those activities before mov- a cashflow positive basis. In the process we have and Management Committee and other senior
ing to new well drilling. This is because, as com- re-evaluated every single aspect of the Trinidad representatives from Sumitomo, Petrobras and
pared to new well drilling, the planned activities operations, to see how best we can clear legacy key banking partners. The Jiangsu event, held
are lower-risk, spread risk across multiple wells items, drive efficiencies and deploy precious pier-side at the Cosco Qidong shipyard, was
and fields, are expected to provide a more rapid capital in the most effective, production-growth attended by FPSO Anna Nery Project Man-
production response, and are in aggregate more oriented manner. The work programme for the ager Scott Bendiksen, Chairman & President of
cost effective than new well drilling. balance of 2022 reflects the outcome of this work. Cosco Shipping Heavy Industry Liang Yanfeng,
In support of a drilling programme in 2023, “In particular, across our five producing fields and Managing Director of Cosco Shipping Li
the Company is evaluating up to nine potential we have a significant inventory of wells, and the Rong as well as the Yinson and Cosco project
new well opportunities across the Trinidadian focus of the work planned for 2022 is on working team and crew.
asset portfolio, offering the possibility of signifi- that existing well stock, through a wide range of Notably, by building resilience through col-
cant production uplifts consistent with the Com- individual actions, as well as on upgrading pro- lective efforts, construction progress on the
pany’s longer-term production goal of 1,000 bpd duction-critical field infrastructure. We expect FPSO Anna Nery project remained relatively
of oil. During the balance of 2022 the Company this work to deliver the near-term production unimpacted by the various challenges brought
will also be evaluating an appropriate funding growth we are targeting in the surest, lowest risk about by the pandemic and stringent movement
strategy for new wells, with a view to reducing way possible and, if successful, provide a solid restrictions in China. Safety-wise, the project
the capital burden and risk to the Company of basis on which to approach the execution and maintained Zero LTI over 7mn man-hours – an
drilling activities. This includes risk sharing funding of a drilling campaign in 2023. It will be excellent achievement by any standard and even
opportunities with contractors and partners. a busy second half of 2022 for Challenger Energy. more so given the volatile external environment.

Week 23 09•June•2022 www. NEWSBASE .com P15