Petro Matad, the AIM quoted Mongolian oil company, has announced that completion operations on its Heron-1 oil discovery commenced on 22 July.
The contractor, PetroChina's well completion subsidiary DQE, has mobilised to site along with Petro Matad's team and is preparing to re-enter the well. The work planned involves a reservoir stimulation operation to enhance near wellbore drainage and the installation of the downhole production equipment. These operations are expected to be completed by mid-August.
When the well completion operations are finished, the wellsite will be prepared for the installation of surface production equipment and this work is expected to start during August. Once the surface equipment has been connected to the Heron-1 well and commissioned, the well will be ready for production start-up.
Meetings are scheduled before the end of July with the industry regulator, the Mineral Resources and Petroleum Authority of Mongolia (MRPAM), and with PetroChina's in-country management team to finalize details of the cooperation agreements required to allow Petro Matad to access PetroChina's oil processing facilities, transport and oil sales infrastructure.
Further updates will be provided as the 2024 work programme progresses.
Background
Petro Matad's Heron-1 discovery is located in Block XX. An Exploitation License over the Heron discovery was awarded in July 2021 covering an area of 214km2 with the remaining acreage relinquished. Heron-1 first oil was originally planned in 2022.
Source: Petro Matad / energy-pedia
