Range Resources starts waterflooding on Beach Marcelle project
Range Resources said it had started waterflooding its flagship Beach Marcelle project in Trinidad.
Range Resources Corp.
$33.44
11:09 15/11/24
It said two injector wells are being used to inject water, at an average initial rate of approximately 600 bwpd, which will gradually increase as additional wells and surface facilities are commissioned.
Range said waterflood injection on the Morne Diablo project was continuing, with water rates increased to the maximum volume of water currently available.
Agreement had been reached with Petrotrin to access additional water supply for Morne Diablo project with contracts to be signed shortly, it added.
The company said waterflood projects would be key contributors to production growth over the coming years.
At Beach Marcelle the first production as a result of waterflooding is anticipated during the first quarter of 2017. The average production over the eight-year period is expected to be approximately 1,600 bopd, with production estimated over the plateau period of three years of 2,000 bopd, Range said.
The original oil-in-place in the South East block is estimated by the company at 37.5 mmbbls, of which 6.2 mmbbls (17%) has been produced by primary depletion. Waterflooding is estimated by the company to recover another 4.8 mmbbls over the next eight years.