Source - SMW
Zenith Energy Ltd said that, after completing successful sidetrack operations at well M-195, the local drilling contractor operating as 'Team B' has been assigned the task of completing the workover of well M-45.

'Team A', comprised of the Company's field personnel and operating Zenith's workover rig, will leave the well M-45 location and engage in a series of systematic pump replacement and repair operations at a number of wells.

"It has been determined that a more powerful workover rig, such as that operated by Team B, will more effectively complete the workover of M-45.   Team A has successfully cleaned this well to 3568 meters," the company said. 

"Team B will remove the remaining 162 meters of tubing, subsequently re-perforate the casing at the producing level and possibly perform an acid stimulation and/or hydraulic fracturing of the Cretaceous reservoir to improve the well's productivity," it added. 

"In addition, the Company has decided to install an Electric Submersible Pump ("ESP") at well M-45 in order to further stimulate production which had been flowing due to the natural pressure of the reservoir."

At 8:44am: (LON:ZEN) Zenith Energy Ltd share price was +0.13p at 8.25p