Block Energy PLC will begin its 2021 drilling program that includes drilling two wells, each targeting 600 boe/d, and spudding a third well.
Expected to spud in May-June, a well in West Rustavi, onshore Georgia at the WR-BA location, will be the first horizontal well designed using the company’s recent 3D-seismic survey. The well will target the top of the Middle Eocene reservoir and the horizontal section will be completed with an uncemented slotted liner. If successful, options for the second well have been identified. In the success case, Block will progress with the drilling of a well at WR-BB location, which would access a further volume of oil and gas in the West Rustavi Middle Eocene core area. Additional locations for further drilling in this area have also been identified.
Block is currently producing 555 boe/d (30-day average) across all of its licenses (excluding the company’s first appraisal well, WR-16aZ, which is undergoing intervention).
Elsewhere, the company continues to execute a low-cost workover program in its newly acquired Georgian onshore license Block XIB oil fields. So far, extra production has been gained, more than offsetting the natural decline of the production in the block, the company said.
Wells WR-38Z and WR-16aZ were returned to production Jan. 28 and Feb. 3, respectively. In the year’s first quarter, the company produced total of 29,800 bbls of oil and 14,600 boe of gas, resulting in a combined total of 44,400 boe.
The average production rate for February and March 2021, after WR-38Z commenced production but excluding WR-16aZ (the well is currently suspended), was 573 boe/d.