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PS - Oil Search encouraged by early Nanushuk appraisal results - April 2019

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The first appraisal well drilled by Oil Search at its operated Pikka unit on Alaska’s North Slope exceeded expectation, the Papua New Guinea-based company reported. A flow test completed March 19 on the Pikka B well yielded a stabilized, restricted rate of 2,410 bo/d at flowing bottomhole pressure of 1,270 psi and wellhead pressure of 240 psi on natural production. Oil Search calculates flowrate potential of 3,800 bo/d at flowing wellhead pressure of 50 psi for the well, which......
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