IB Daiwa tests S. Louisiana gas discovery

Jan. 26, 2006
IB Daiwa Corp., Tokyo, tested gas and condensate at strong rates in the Kami discovery by its recently acquired Lodore Resources Inc. subsidiary in South Louisiana.

By OGJ editors
HOUSTON, Jan. 26 -- IB Daiwa Corp., Tokyo, tested gas and condensate at strong rates in the Kami discovery by its recently acquired Lodore Resources Inc. subsidiary in South Louisiana.

The well, in the Big Mouth Bayou prospect on the Louisiana Gulf Coast, flowed on test at rates exceeding 7 MMcfd of gas and 154 b/d of condensate with no water from perforations at 13,323-384 ft MD through 2-7/8 in. tubing and a 10/64-in. choke. Flowing tubing pressure was 8,036 psi. Shut-in tubing pressure prior to flow was 8,389 psi.

The company is revising facilities design to accommodate a condensate rate "much higher than had been anticipated."

IB Daiwa expects production to start in 2-3 months at 10 MMcfd of gas and 200 b/d of oil once the well is connected to a gas pipeline 2 km away.