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Curzon Energy updates on progress at Coos Bay CBM project

Published: 03:27 16 Mar 2018 EDT

oil and gas operations
Bridge plugs will be removed from four of five test wells

Curzon Energy PLC (LON:CZN) has updated investors on its operations at the Coos Bay coal bed methane project, where test gas production volumes are described as being in line with expectations.

The company noted that the production was, at present, sufficient to power the wellhead pumping equipment and it is expecting rates to increase steadily, as well dewatering operations continue.

READ: Curzon Energy confirms early success in coal bed methane well testing in Oregon

It highlighted that it has now decided to remove the bridge plugs from four of the five wells that are currently being tested.

"Our decision to remove bridge plugs, rather than waiting for gas production to ramp-up through the dewatering process, is a decisive move designed to help shorten our timeframe to commercial gas production in addition to providing longer term gas volumes which should improve the well economics of the project," said Stephen Schoepfer, Curzon managing director.

The company added that it continues to work on a gas sales contract and a pipeline agreement for future sales, and its remains on-track to deliver ‘first gas’ during the second quarter.

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