en.Wedoany.com Reported - Predator Oil & Gas is advancing drilling preparations for the Snowcap-3 (SC-3) appraisal and development well in the Cory Moruga block onshore Trinidad, with commercial negotiations nearing completion, long-lead materials being procured as planned, and the pre-drilling logistics team already mobilized and conducting site surveys.

The company stated that the specific spud date will be announced once delivery of all overseas-procured long-lead materials is confirmed. The pre-drilling logging and well testing program for SC-3 is being finalized. Three existing storage tanks with a total capacity of 1,200 barrels are being relocated to the SC-3 well site to enable early production start-up after well testing.

Prior to spudding SC-3, Predator noted that sufficient storage capacity is already available for intervention operations on the Snowcap-2ST1 and Jacobin-1 wells. The bottomhole reservoir pressure in the SC-2ST1 well has risen to 1,845.7 psi. It will first be evaluated for natural flow potential through swabbing operations, then converted to pump-assisted production. The Jacobin-1 well also shows positive signs following re-entry and wax removal treatment (prior to conversion to pump-assisted production). Successful operations on either well could increase initial production by 20 to 40 barrels of oil equivalent per day, but Predator cautioned that accurate results cannot be predicted before operations commence.

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