By OGJ editors
HOUSTON, Mar. 10 -- Imperial Energy Corp. PLC, London, has begun production "at rates in line with expectations" from wells Snezhnaya 135 and Dvoinoye 2 on Block 77 in the Tomsk region of western Siberia. Tomsk's main reservoir is in the deep Jurassic.
Snezhnaya 137, the second of four appraisal-production wells in this field and a deviation from Snezhnaya 135, also has been drilled and cased, with wire line logging showing 17 m of net oil pay, Imperial said. Snezhnaya 138 also was spudded Dec. 11.
The company also expects to bring its Snezhnaya 133 well on production by the end of March and during April will bring all four new wells in Snezhnaya field on stream, increasing Block 77 production to 1,500-2,000 b/d of oil in May.
Imperial also plans this month to begin production testing of its Festivalnaya 252 well in Aikagalskaya field on Block 69 in the Tomsk area (OGJ Online, Jan. 18, 2006).
The company said it is targeting production of 20,000 b/d of oil by yearend 2008. Plans include having 18 Snezhnaya field wells producing by early 2008, along with production from Aikagalskaya and at least one other field.
Oil currently is being sold to Russian domestic markets "at net back prices at least as good as those for export."
Extensive appraisal drilling, exploration, and an additional seismic program are continuing in Imperial's fields and certain prospects, and the company said it is expediting plans for pipelines, but gave no details at this time.
Imperial said it is investing $9 million in fractionation equipment, all-terrain tracked transport vehicles, and two sets of production rig generators, giving it the flexibility to operate more effectively year-round.
Imperial says it has an asset base of 250 million bbl of proved and potential oil reserves.
