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88 Energy moves closer to start of pivotal well testing in Alaska

Published 28/02/2024, 08:18
Updated 28/02/2024, 08:18
© Reuters.  88 Energy moves closer to start of pivotal well testing in Alaska

Proactive Investors - 88 Energy (LON:88E) has announced significant progress in its preparations for flow testing operations at its Hickory-1 well, in Alaska, as the countdown continues.

Mobilisation operations have successfully completed, the company said in a statement, it is now testing and preparing the blow-out preventers (BOP) installed at the wellhead.

Two flow tests are scheduled, targeting the Upper SFS and SMD-B reservoirs, with each phase anticipated to span around ten days.

They are designed to gather essential data that will inform future development strategies.

Each zone will be independently isolated, stimulated and flowed to surface using nitrogen lift to assist in an efficient clean-up of the well, the company noted.

It seeks to better understand reservoir deliverability, fluid composition, pressures, and connectivity.

These data points are valuable for accurate reservoir modelling, and ultimately the progression of Project Phoenix.

“Any future development plan for Project Phoenix would be expected to include horizontal wells to maximise oil rates. As is evidenced in many Lower 48 analogues, horizontal wells typically produce at rates 6-12 times higher than vertical wells, once lessons from field development are captured in the appraisal phase,” 88 Energy added.

Read more on Proactive Investors UK

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