By OGJ editors
HOUSTON, July 7 -- Canadian Imperial Venture Corp., St. Johns, Newf., will try again, through its ENEGI Inc. subsidiary, to develop and produce the 1995 Port-au-Port oil and gas discovery on a carbonate platform in western Newfoundland.
CIVC and partners PDI Production Inc. and Gestion Resources Ltd. have a $4.4 million work program to reenter, rework, and recomplete existing wells in the field, known as Garden Hill. PDI and Gestion will earn 33% and 27% working interests, respectively.
Drilled by Hunt Oil Co. and the former PanCanadian Petroleum Corp., Port-au-Port-1 flowed light oil and gas from the Ordovician Upper Aguathuna formation at 11,400 ft (see map, OGJ, Feb. 15, 1999, p. 69).
The discovery well, on the first production lease issued in western Newfoundland, has been tested over three time periods and has produced 21,400 bbl of oil. The reservoir may have been damaged during drilling.
CIVC and partners also plan to reenter, sidetrack, and test the Shoal Point K-39 well on Exploration License 1070 on the Port-au-Port Peninsula. Drilled from land in 1995 to TD 9,957 ft to test a large oil target under Port-au-Port Bay, this well was never tested for lack of crucial seismic data now in hand, CIVC said.
The K-39 sidetrack will be western Newfoundland's first penetration on a structure defined by 3D seismic data, the company said.
