REG - Synergia Energy Ltd - Cambay C-77H Artificial Lift Update

Synergia EnergyAnnouncement

09/03/2023 07:00

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RNS Number : 3391S  Synergia Energy Ltd  09 March 2023

RNS Announcement

 

9 March 2023

AIM: SYN

Cambay C-77H Artificial Lift Update

 

Synergia Energy Ltd (the "Company" or "Synergia") is pleased to provide the
following update concerning the Cambay C-77H well.

 

Extensive evaluation of the artificial lift options for the C-77H well and
future Cambay new wells has resulted in the Company electing to adopt a jet
pump solution for the C-77H well. This is due to a combination of technical,
cost and availability drivers.

 

The jet pump solution has the advantage of being immune to elastomer
degradation caused by the high aromatic content of the Cambay Eocene
condensate, as jet pumps contain no elastomers. The jet pump solution is also
more cost effective, particularly for a full field development where jet pumps
in multiple wells can be driven by a single common surface pump. In addition,
jet pump availability is significantly better than PCP pumps at present, which
have delivery times of up to 8 months. The Company aims to have the jet pump
solution for the C-77H well operational in the next 90 days.

 

For and on behalf of Synergia Energy Limited

Roland Wessel

CEO

 

 

 

 

 

For further information, please contact:

 

 Investor Enquires                    AIM Broker                            AIM Nominated Adviser              Media Enquires (UK)

 Synergia Energy Ltd                  Novum Securities                      Strand Hanson Limited              Vigo Consulting

 Briana Stayt                         Broker                                Nominated Adviser                  Investor Relations

 Investor Relations                   Colin Rowbury                         Ritchie Balmer/Rory Murphy         Patrick d'Ancona / Finlay Thomson

 Email:  bstayt@synergiaenergy.com    Email: crowbury@novumsecurities.com   Tel: +44 20 7409 3494              Email: patrick.dancona@vigoconsulting.com

 Tel: +61 8 9485 3200                 Tel: +44 20 7399 9427                 UK                                 finlay.thomson@vigoconsulting.com

 Australia                            UK                                                                       Tel:+ 44 20 7390 0230 UK

 

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