Highlights 2016 is set to be an exciting year of delivery for Range Most active onshore work programme in Trinidad amongst independents Largest scale waterflood projects in recent times in Trinidad commenced Five high impact…
Waterflood projects overview Two waterflood projects underway 15 mmbbls of Ranges 2P reserves in waterflood projects Key to increasing production Majority of production growth to come from Beach Marcelle field Morne Diablo water…
Morne Diablo pilot already in production Production on the pilot scheme commenced in 2009 Currently producing 30 bopd from 22 producers, with 50 bopd to be achieved Q2 2016 onwards Total fluid produced to date 175,000 bbls…
Morne Diablo expansion overview The project is an extension of the pilot scheme Original oil-in-place: 6.5 mmbbls, of which 1.3 mmbbls (20%) has been produced by primary depletion Waterflood is estimated to recover another 0.6…
Morne Diablo expansion plan 130 wells in the area approved for Projected Assumption waterflooding most of these are value shut-in Incremental production (mmbbls) 0.6 The plan comprises 14 injectors Average production over the first…
Morne Diablo expansion water source The produced water from the field will be used as the injection water Initial injection of 150 bwpd commenced December 2015 sourced from Ranges gathering station located in the field Range…
Beach Marcelle waterflood overview 63% (14 mmbbls) of total 2P reserves are located in Beach Marcelle Project based on successful waterflood implemented by Texaco in the 1950/60s Split into a number of individual projects…
South East block plan The original oil-in-place is estimated at Projected Assumption 37.5 mmbbls, of which 6.2 mmbbls (17%) value has been produced by primary depletion Incremental production (mmbbls) 4.8 Waterflooding is estimated…
South East block water source The Company will initially use water from shallow aquifer wells as its water source This will be supplemented by produced water as the waterflood progresses The injected water will be treated and…
New drilling development and exploration A number of high impact wells have been prioritised for drilling in 2016 based on risk and economic returns (refer to table) Four development wells are designed to explore the potential of…
2016 capex and funding Activity Capex (US m) Morne Diablo waterflood 3.5 Beach Marcelle waterflood 13.5 Drilling 5 new wells (4 development and 1 exploration) 9.2 TOTAL 26.2 Strong financial position and fully funded work…
Netback from operations Despite the low oil price environment, Trinidad operating netbacks continue to be attractive and at a level which justifies further investment Growth in production will significantly improve the per barrel…
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