Advance Energy (GB:BCE) has released an update.
Beacon Energy has encountered setbacks with the SCHB-2 sidetrack well in the Erfelden field, as initial reservoir response has been poor with the installed electrical submersible pump failing to achieve a sustained flow rate. The well will be shut-in for a temporary period for data collection to inform potential remedial actions. The company remains optimistic about the site’s prospects, citing 7.2 million barrels of estimated recoverable reserves.
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