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Candax Energy provides Ezzaouia field update

Exploration & Production

Candax Energy Inc. has made an announcement regarding its efforts to convert the wells at its Ezzaouia field in Tunisia from jet pumping to beam pumping lift methodology

Candax, which focuses on mature oil field development in Tunisia, reported that Ezzaouia-1 is back in production and reached a post work-over high of 94 bpd.

Ezzaouia-17 is back in production, and reached a post work-over high of 243 bpd, while Ezzaouia-2 has been prepared for beam pump conversion and is expected to be restarted in December 2013 following the delivery of required equipment.

Ezzaouia-18 will be added to the work-over campaign and is also a candidate for beam pumping conversion as a result of a recent decline in production.

The rig used for the Ezzaouia work-overs is set to be mobilised in the Belli field where a work-over will be performed on the Belli-1 well, which has been shut in since the mid 1990's.

The rig will then return to Ezzauoia to complete the remainder of the field's work-over campaign.

"The Ezzaouia work-over campaign has progressed somewhat slower than we expected but we are encouraged by the results and are confident that the conversion beam pump methodology will prove significantly more successful over the longer term than would jet pumping," said Benoit Debray, chairman and CEO of Candax.

"We are also optimistic about the results of the work-over on Belli-1, as the possible recharging of this reservoir may provide additional production capacity for the well and allow for valuable geosciences information to further develop the field."