NewswireTODAY - /newswire/ - Vancouver, British Columbia, Canada, 2012/04/03 - To date, it appears that with slightest draw down, all the wells can produce oil at high rates, and productivity from the reservoir intervals hole has met or exceeded pre-development model expectation.

According to Boyd Clark Resource Capital Solutions’ source, over 40,000 barrels a day of oil has been delivering by block 16-1 off southern Vietnam and with no significant impact on the main reservoir performance parameters. Although there are some remaining alignment issues over the speed of raising production levels, they are confident enough that a rate of at least 55,000 barrels a day can be achieved by this summer.

To date, it appears that with slightest drawdown, all the wells can produce oil at high rates, and productivity from the reservoir intervals hole has met or exceeded pre-development model expectation.

A strong level of aquifer pressure support is needed for stable flowing pressures of the initial producer wells, which would hold off the need for water injection. A high degree of connectivity within the main sands has been confirmed by the initial interference test. However, to establish the most effective way to completely exploit the field, more performance is needed.

There is additional potential in unappraised and undrilled fault blocks and they are looking to start drilling of these areas.

Boyd Clark Resource Capital Solutions specializes in providing financial services to entrepreneurs and innovated businesses requiring up to $2 million. We understand that the economic financial outlook is complex, and that’s why our professional advisers take the initiative in helping companies and individuals develop financial objectives, analysis of ownership structures, and a full range of portfolio planning.

Agency / Source: Boyd Clark Resource Capital Solutions

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