LONDON (ShareCast) - (Sharecast News) - Synergia Energy announced on Thursday that it will be implementing a jet-pump solution for its Cambay C-77H well.

The AIM-traded firm said the decision was made after an "extensive" evaluation of artificial lift options for the well, and for future Cambay new wells.

It said the technical, cost and availability drivers were all taken into consideration before the company made its decision.

Ultimately, the jet-pump solution was deemed to be the most suitable option.

Synergia said one of the key advantages of the jet-pump solution was that it would be "immune" to elastomer degradation.

That, it said, was particularly important in the Cambay Eocene condensate, which has a high aromatic content.

Jet-pumps contain no elastomers, making them an ideal solution for the type of well.

"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," the board added in its statement.

"In addition, jet-pump availability is significantly better than PCP pumps at present, which have delivery times of up to eight months.

"The company aims to have the jet pump solution for the C-77H well operational in the next 90 days."

At 1312 GMT, shares in Synergia Energy were down 12% at 0.11p.

Reporting by Josh White for Sharecast.com.

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