Goldpetrol, majority owned by Singapore’s Interra Resources, has completed the latest well on its Chauk oilfield onshore Myanmar as a producer.
The Chauk CHK 1237 well was drilled using Chauk operator Goldpetrol’s ZJ 450 rig. Interra’s share of the cost of drilling was funded from existing funds on hand.
The latest successful development well was drilled in the North Central fault block of the Chauk field as an east flank infill well to the three existing producers.
CHK 1237 was directionally drilled to a total measured depth of 3876 feet with the primary objective of accelerating production from the oil reservoirs that produce in this fault block.
The well, the first to be completed as an oil producer by Goldpetrol in Myanmar in 2023, followed production testing through casing perforations of 159 feet covering eight reservoirs, producing 142 barrels per day of oil.
Interra has a 60% interest in the Chauk Improved Petroleum Recovery Contract and also owns 60% of Goldpetrol, which is the operator of the field.
