Posted by OilVoice Press - OilVoice
88 Energy Limited (ASX: 88E) (“88 Energy” or the “Company”) is pleased to announce the following update for its projects located on the North Slope of Alaska.
Pressure build-up analysis indicates no deterioration in fracture half-length
Commencement of flowback at Icewine#2 on schedule for 11th June
Project Icewine – Icewine#2 Production Testing
Post the retrieval of downhole gauges in Icewine#2 on 25th May, pressure build-up data was subsequently downloaded on the 30th May and processed. This data was then analysed and interpreted to determine whether any degradation of the fracture system created by the artificial stimulation had occurred during the shut-in period.
The analysis showed that the fracture geometries of the first pressure build-up, (July-August 2017), when compared to those from the second pressure build-up over Winter, (September 2017-June 2018), are very similar, with estimated fracture half-length of 504ft and 500ft, respectively. This is encouraging and indicates that the fracture system created has not undergone degradation. Given this, and the evidence of no build-up of debris in the wellbore, no remedial action will be required prior to commencement of flowback.
Mobilisation of equipment and personnel for the re-commencement of flowback of the Icewine#2 well, utilising artificial lift, is now in full swing and operations remain on schedule for start-up on the 11thJune.
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