Horizon Petroleum's Operations Update
Horizon Petroleum Ltd. is excited to share its progress on the Lachowice gas development project. As the company gears up for its first production, significant preparations have taken place to ensure a successful launch of operations. This marks an essential step for Horizon Petroleum Ltd. as it enters the natural gas market in Europe.
Preparation for Workover at Lachowice
Following the acquisition of key exploration licenses, Horizon has intensified its approach to prepare for a workover at the Lachowice 7 (L7) well. This workover sets the stage for initiating gas and power sales from the well, aiming to secure the company’s first revenue stream.
Current Progress
The company has made significant headway in the preparations for the L7 workover:
- Excavation works on the L7 wellhead and cellar have concluded, confirming that the primary seals are intact for reactivation.
- Essential materials and services have been sourced, ensuring the project timeline remains intact.
- A favorable preliminary response to the Environmental Impact Assessment has been received from local authorities, setting the stage for full approval soon.
- Agreements with nearby landowners have been established to facilitate construction efforts.
- Clearance from local government has been secured, allowing civil works to commence in the upcoming weeks.
- Plans to relocate the overhead electrical line are progressing, with fieldwork scheduled to be completed shortly.
- The timeline for executing the L7 workover is still on track for the upcoming months.
Implementing an Early Production System
As part of the operational strategy, Horizon Petroleum Ltd. has engaged specialized engineering firms to assess options for monetizing the gas output from the Lachowice gas field. Various strategies are under discussion:
- A gas-to-power initiative aims to utilize approximately 1.5 million standard cubic feet per day (mmscf/d) of gas to generate 6MW of electricity.
- A new third-party evaluation has revealed a high-pressure gas grid tie-in point nearby, which is likely to cut pipeline costs significantly.
- Exploration of liquefied natural gas (LNG) and compressed natural gas (CNG) solutions for transporting product to various markets.
- The design for the necessary gas processing facility has been completed, and procurement of essential equipment is underway.
Technical Evaluations and Future Plans
A comprehensive technical team consisting of geoscientists and petroleum engineers has been established to evaluate the potential at Lachowice. They will conduct geological assessments and commence planning for a 3D seismic survey aimed at revealing the subsurface structure.
Long-term Outlook
Horizon anticipates completing all preparations by late summer or early fall. Plans for the workover program outline critical steps to ensure the well is fully outfitted for production:
- Enhance the wellhead for efficient operations.
- Remove cement plugs in the wellbore to facilitate testing.
- Pressure tests will be done to confirm integrity and safety of the well.
- Recovery of specific equipment necessary for optimal gas flow.
- Target reinstallation and enhancement of gas extraction zones.
- Final setup of the well following the installation of the early production facility.
The anticipated timeline projects initial gas and power sales by early next year, solidifying Horizon Petroleum Ltd.’s position in Europe’s energy sector.
About Horizon Petroleum Ltd.
Horizon Petroleum, based in Calgary, focuses on exploring and developing natural gas and oil reserves across Europe. The company's board comprises experienced professionals with extensive international industry expertise.
Frequently Asked Questions
What is Horizon Petroleum Ltd. working on currently?
Horizon Petroleum Ltd. is progressing in its Lachowice gas development project, preparing for its initial workover and production.
What are the expected outputs from the L7 well?
The company aims to start sales of gas and electricity, marking its entry into revenue generation.
When will the production begin at Lachowice?
Production is projected to commence by early next year, with initial sales expected during Q1 of 2026.
What steps has Horizon taken to prepare for the workover?
Preparations include site excavations, sourcing critical materials, and securing governmental approvals for construction.
Who is involved in the technical evaluations for Horizon's projects?
A team of geoscientists and petroleum engineers from both Poland and Canada is conducting extensive evaluations to support the project.
