Singapore-based Interra Resources Ltd said its jointly controlled entity, Goldpetrol Joint Operating Company Inc, has completed drilling development well CHK 1171 in the Chauk oil field in Myanmar.
CHK 1171 was drilled to a total depth of 3,200 feet as an infill development well to producing oil wells CHK 1166 and CHK 1170, with the primary objective of accelerating production from reservoirs, Interra said in a statement. Interra has a 60 percent stake in the Improved Petroleum Recovery Contract of the Chauk field and also owns 60 percent of Goldpetrol, which is the operator of the field.
Following four days of production testing, CHK 1171 has been completed through casing perforations over eleven reservoirs at 125 barrels of oil per day, Interra said.
CHK 1171 is the fourth well to be completed in this fault block this year.
Several prospective shallower reservoirs will be tested later in this well or by a shallow offset well, the company said.
CHK 1171 marks the fourteenth well to be completed as an oil producer in Myanmar in 2013.