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Petro-Victory promotes drilling of oil wells in the São João field, in the Barreirinhas Basin, in Maranhão.
Oil company Petro-Victory announced that it is expanding its drilling operations in the São João field, in the Barreirinhas Basin, Maranhão. Following the successful completion of well SJ-11, which has already produced 306 barrels of oil, the company opened SJ-01, connecting the new well to the production station. With proven and probable reserves of 303 thousand barrels, the well began production at an initial rate of 303 barrels per day. Furthermore, Petro-Victory has already mobilized the rig for the third well, SJ-06, with plans to open an additional 12,4 meters in the Tutoia formation. The company's objective is to take advantage of the potential of oil production of the basin throughout 2024.
Drilling campaign in the São João field advances successfully
Petro-Victory shared with the national oil market new advances in its Campanha drilling in the São João onshore field, located in the Barreirinhas Basin, in the state of Maranhão.
The company has successfully completed the drilling of two oil wells and is currently focused on drilling a third in the area.
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As disclosed by her, the oil company successfully drilled the first well, SJ-11, on February 16, within the established schedule and budget.
Since then, the SJ-11 well has been producing consistently in the region, delivering a total of 306 barrels of oil.
The second well, called SJ-11, was inaugurated on February 28 and connected to the production station with artificial lift support.
The very next day, the well began production at an initial rate of 303 barrels per day.
Petro-Victory disclosed that SJ-01 has total proven reserves (1P) of 199 thousand barrels of oil and total proven plus probable reserves (2P) of 303 thousand barrels of oil.
As such, the Petro-Victory team is monitoring several indicators at oil wells, including well pressure, production rates, fluid separation, completion fluid recovery, and associated gas levels.
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The company emphasizes that initial production results may not be indicative of long-term performance or ultimate recovery. That's why it's making efforts to monitor data in Saint John's field.
In addition to current operations, Petro-Victory has already mobilized a drilling rig on February 27 for the third oil well, called SJ-06.
The workover program for this well aims to open an additional 12,4 meters in three zones in the Tutoia formation.
According to the company, the SJ-06 well has total 1P reserves of 69 thousand barrels and total 2P reserves of 134 thousand barrels of oil.
Therefore, in the coming weeks it will continue focusing on activities in the third well in the São João field, with plans to expand its drilling campaign in 2024.
Source: PetroNoticias
