W&T Offshore’s Ship Shoal 349 A-18 well begins production at Mahogany field

HOUSTON — W&T Offshore, Inc. has announced that the Ship Shoal 349 A-18 well, its most recently completed well at Mahogany field, was successfully brought on production on Jan. 17, 2017. The well is ramping up to full rates and, thus far, has achieved a production rate of 3,275 bopd and 5.6 MMcfgd, for a total of approximately 4,200 boed at a flowing tubing pressure of over 9,000 psi. The Company expects to increase the A-18 production rate to in excess of 5,000 boed, consistent with its reservoir management plan.

As previously reported, the SS 349 A-18 well logged 149 ft of net oil pay in five zones and extended the size and depth of Mahogany field. The well was completed in the main objective ‘T’ Sand, with future recompletion opportunities to additional pay zones available in the well. This deep shelf subsalt well was drilled to a total vertical depth of approximately 20,000 ft in a water depth of 372 ft on the western side of the Mahogany field. W&T holds a 100% working interest in Mahogany field.

Tracy Krohn, W&T Offshore’s chairman and CEO, stated, “The SS 349 A-18 well is proving to be another substantial producer from an outstanding field that continues to expand in size. With its high quality rock properties, including very high porosity and permeability, we anticipate strong production rates from this well for years into the future. Our SS 349 A-14 well that originally discovered the ‘T’ sand in July 2013 has produced a total of 3.8 MMboe gross from the ‘T’ sand to date. As a result, the economic returns on these wells are excellent.

“As we stated on January 24th, our 2017 capital budget includes the drilling and completion of three additional wells in the Mahogany field, with each project expected to achieve a rate of return in excess of 100%, with a relatively quick payback. We have multiple ‘P’ Sand, ‘T’ Sand and ‘Q’ Sand targets and the thick stacked pay sands that will offer drilling and recompletion opportunities for years to come.”

Tom Murphy, W&T Offshore’s COO, stated, “The A-18 well has exceeded our pre-drill production rate expectations. Initial indications are that the A-18 well is located in the same large reservoir as the original ‘T’ sand discovery well, the A-14. This provides excellent encouragement for our expansion plans in this reservoir including exploitation of the newly discovered ‘U’ sand.”

Source: www.worldoil.com