LONDON (ShareCast) - (Sharecast News) - Synergia Energy updated the market on the workover of the Cambay C-77H well on Wednesday, having embarked on a process to remove the bridge plug, which had been in place since 2014 to isolate the original four perforated and fracked zones.
The AIM-traded firm said that following the removal, the production tubing was re-inserted, and the well was subsequently placed on production.

It said that move was intended to establish a baseline for production without the assistance of artificial lift.

Currently, the Cambay C-77H well was producing gas at a rate ranging between 130,000 to 150,000 standard cubic feet per day.

Despite that, the well was continuing to experience significant liquid loading.

In response to the liquid loading and in line with improving production, Synergia said it was in the process of installing a jet pump artificial lift system.

That addition would be complemented by ancillary surface equipment.

Currently, civil works were being carried out in preparation for connecting the surface pump and separator to the well.

"Due to availability constraints, the workover rig will arrive on location on 8 September to remove the production tubing and re-install the completion equipment, incorporating the concentric jet pump assembly," the Synergia board said in its statement.

"The company plans to announce the results of the well production with artificial lift as soon as production rates have stabilised."

At 1413 BST, shares in Synergia Energy were down 11.2% at 0.1p.

Reporting by Josh White for Sharecast.com.

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