Challenger to further test discovery onshore Trinidad

Challenger Energy Group PLC plans to test the Saffron-2 appraisal well onshore southwest Trinidad by mid-July as initial analysis of the top two sections demonstrate production potential.

The well—drilled from the same well pad as the Saffron-1 discovery—is targeting the Lower Cruse reservoir, with Upper and Middle Cruse reservoirs as secondary targets (OGJ Online, May 26, 2021). The well is currently at about 3,850 ft against a target depth of 4,557 ft.

Petrophysical analysis from mudlog and electric wireline logs of Upper Cruse and Upper Middle Cruse show a total of 145 ft net oil-bearing reservoir in the 17 ½- in. hole section from Upper Cruse down to Upper Middle Cruse, and an additional 20 ft net oil-bearing reservoir in the 12 ¼- in. hole section from the remaining section of Upper Middle Cruse into Lower Middle Cruse. Work has commenced on understanding production potential from these secondary targets.

After reaching TD, the well will be lined and readied for production testing. Preparation for production testing (including perforation) will take 2-3 weeks.

Expected rates, based upon Saffron-1 well results, are 200-300 b/d. Budgeted total well cost is $3 million.

Challenger Energy is operator at Saffron (100%).