CYGAM Energy Inc announced that its partner and Operator, Storm Ventures International, a subsidiary of Chinook Energy Inc (‘Chinook”), has advised that it has completed the drilling, completion and workover operations on the TT structure within the Bir Ben Tartar concession with the release of the Ulysse rig on December 1.
The Operator has advised that production from the field has averaged 2,400 bop/d gross (211 bop/d net) over the last seven days from four of seven oil wells with one well testing and two wells waiting on further completion and workover operations that will be completed early in 2012. The Operator estimates that the productive capacity of the field is approximately 2,700-2,800 bop/d from the existing wells.
Field operations were suspended prior to completion of the planned workovers, and production has been interrupted by periodic blockages and labor related grievances both of a general nature related to the political unrest in Southern Tunisia and specifically related to the Operator’s operations.
The Operator has advised that any issues related to the Operator’s operations have been resolved allowing production to be ramped up to the capacity of the completed wells. The Operator advises that it is on track to resume field operations by the end of January.
