PetroTal Announces Completion of 8H Horizontal Well With Record Production of Nearly 8,000 Barrels of Oil Per Day
Bretana oil field production surpasses 2019 highwater mark
Bretana field achieves record production of approximately 15,400 bopd
- Initial 8H production rates of 7,500 - 8,000 bopd; and,
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Total current field production is now approximately 15,400 bopd, a record production level for
PetroTal .
Completion of well 8H below budget
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The 8H well cost came in
3% under budget, atUS ;$11.8 million - 8H estimated payout of 8-10 weeks production based on current Brent oil strip, assuming unrestricted rates;
- Well 8H targeted oil sand intersected 4 meters higher than prognosed; and,
- The horizontal section of the 8H well was completed with autonomous inflow control device technology (“AICD”), which will better control water influx.
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For the full release and reader advisories, please visit: https://petrotal-corp.com/petrotal-announces-completion-of-8h-horizontal-well-with-record-production-of-nearly-8000-barrels-of-oil-per-day.
The Company's filed documents at http://www.sedar.com/.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210916005948/en/
PetroTal Investor Relations
InvestorRelations@PetroTal-Corp.com
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