STATE ENTERPRISES’ INVESTMENT PROGRAMME 2014
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SUSTAINING GROWTH, SECURING PROSPERITY
Planned initiatives include Lease Operatorship
(LO), Farmout (FO), Incremental Production
Services Contracts (IPSC) programmes as
well as drilling and work-over activities in some
blocks. As operators continue to increase work
in these blocks, increased production is expected
from these programmes.
• Seismic Acquisition
– Land – 3D seismic
data was acquired over the core land fields
and data processing and interpretation are in
progress. It is expected that the processing
of 3D seismic data will be completed in fiscal
2013.
• Drilling Land: All Existing and New EOR
Projects
– For fiscal 2013, $60 million was
projected to drill and complete approximately
twelve (12) EOR wells. The first EOR well was
drilled in March 2013 and drilling commenced
on the second.
• Development Drilling
– Land, North and
East (LNE) –For fiscal 2013 $114.0 million
was projected to drill approximately nineteen
(19) primary development wells. Three (3)
primary wells were completed by the second
quarter of fiscal 2013 at an approximate cost
of $9.4 million. For fiscal 2014, projected cost
of $45.0 million was allocated for the land
primary development drilling programme.
• Drilling TRINMAR
– For fiscal 2013, $603.5
million was projected to drill approximately
sixteen (16) wells in TRINMAR acreage. The
cost was revised to $579.5 million. As at
March 2013, five (5) wells were drilled at a
cost of $203.1million, two (2) were completed
and one (1) was temporarily suspended.
For fiscal 2014, $690.0 million is projected
for the continuation of TRINMAR’s drilling
programme including exploration wells.
• New Reserves Type (NRT) Workovers Land
– For fiscal 2013, $13.2 million was projected
to undertake approximately twenty-two (22)
NRTs. The estimate was revised to $12.0
million. As at March 2013, twelve (12) jobs
were completed at a cost of $3.5 million. For
fiscal 2014, $15.0 million is projected towards
the Land NRT workover programme to
perforate new sand in existing wells.
• Side Tracks
– In fiscal 2013, $24.0 million
was allocated for the implementation of the
sidetrack programme. As at March 2013,
three (3) wells were completed at a cost of
$9.7 million. For fiscal 2014, $30.0 million is
projected to continue this programme.
• New Reserves Type Workovers
–
TRINMAR
– For fiscal 2013 an estimated $16.0 million
was projected to undertake five (5) NRT
workovers. However, the cost was revised
to $46.9 million. One (1) workover was
completed at a cost of $1.7 million. For fiscal
2014,$45.0million isprojected forTRINMAR’s
recompletion workover programme to
perforate new sands in existing wells.
• Well Conversions – TRINMAR
– For fiscal
2013, estimated cost of $25.0 million was
allocated to convert thirteen (13) wells from
the current form of artificial lift to a more
efficient form. The estimated cost was revised
to $60.0 million. However, no conversions
wereundertaken todate.For fiscal 2014,$60.0
million was projected to convert producing
wells from the current form of artificial lift to a
more efficient form of artificial lift.
• Construction of Line at Massahood to
Woodland
– Installation of the 16” pipeline
from Massahood to the Woodland Manifold
along the existing 12” Right-of-Way (ROW),
replacing the existing old and leak prone
pipeline is on-going. The main challenge
to the schedule is the timely completion of
negotiations with land owners to facilitate
ECONOMIC INFRASTRUCTURE
