Hibiscus: Test results from Anasuria sidetrack ‘exceed expectations’

Malaysian operator Hibiscus Petroleum has completed the drilling of the GUA‐P2 sidetrack (P2‐ST) well located in the Central North Sea, offshore UK.

The well was drilled on the Guillemot A field of the Anasuria Cluster and targeted untapped volumes of oil in the Forties reservoir.

Hibiscus said that the well, drilled by the West Phoenix semi‐submersible drilling rig, achieved a stabilized gross production flow rate to the Anasuria FPSO of 4,750 barrels of oil per day.

The flow rate was established during a 20‐hour flow period through a 32% choke and with the application of gas lift at a rate of 1.7 million standard cubic feet a day.

The P2‐ST is currently shut‐in to allow the drilling rig to demobilize from its location before production resumes in early September 2018.

The project to re‐enter the GUA‐P2 well and side‐track began in early June 2018 and was executed by the Anasuria Operating Company (AOC), the operator of the Anasuria Cluster. The operating company is equally owned by Hibiscus and Ping Petroleum.

Hibiscus Petroleum’s managing director, Kenneth Pereira, said: “We are extremely pleased with the initial production rate achieved by the P2‐ST well. Test results have exceeded our expectations. Over the next few months, we will gradually increase choke size and determine the optimum parameters to flow this well.

“The P2‐ST project represents the group’s first major capital expenditure program in the UKCNS. In an area where we jointly operate the fields, the drilling and completion of the well and the achievement of a positive result has enhanced our operating track record.

“Furthermore, this project is consistent with the group’s strategy to arrest the natural decline and add to oil and gas production from the Anasuria Cluster. Our target remains to achieve a production of 5,000 barrels of oil per day from Anasuria by the end of the financial year 2020 and the capability to undertake projects such as the GUA‐P2‐ST will be a critical enabler.”

The Anasuria Cluster consists of the Teal, Teal South, Guillemot and Cook fields which produce to the Anasuria FPSO.

Hibiscus’ indirect wholly‐owned subsidiary Anasuria Hibiscus UK Limited holds 50% joint‐operating interests in the P013 license where the Teal, Teal South, and Guillemot A fields are located, as well as 19.3% non‐operating interest in the P185 licence which holds the Cook field.