Ascent Resources PLC will place on production a gas-condensate well at its Petisovci Miocene redevelopment project in Slovenia.
On initial tests following successful fracture stimulation and after cleaning out the three pumped stages, the Pg-11A well stabilized at 2.1 MMscfd of gas and 50 b/d of condensate. Halliburton’s equipment will be moved to frac the Pg-10 well.
Ascent said the Pg-11A flow rate has exceeded the company’s commercial threshold but a number of difficulties with the fracturing operation lead to the belief that the rate may not be representative of the reservoir’s true potential. The Pg-10 frac outcome will help the company learn more about a different part of the field, the fluid dynamics of the various reservoirs, and how best to commercialize the field.
Ascent Slovenia Ltd. has 75% interest in the project, and Geoenergo d.o.o., a Slovene company that is the concessionaire, has 25%. The project in eastern Slovenia targets the redevelopment of the major Middle Miocene Badenian tight gas reserves, which were partially produced in the 1980s.
