Oil producer Interra Resources says jointly-controlled entity, Goldpetrol Joint Operating Company Inc., has completed infill development well YNG 3235 in the Yenangyaung field in central Myanmar.

Interra Resources has a 60% interest in the petroleum recovery contract of the Yenangyaung field and also owns 60% of Goldpetrol which is the operator of the field.

Well YNG 3235 was drilled in the northern area of the field using its Cooper LTO 350 rig and as such, drilling costs were minimised. Interra’s share of the cost of drilling was internally funded.

This is the third consecutive shallow development well to be completed as an oil producer in this fault block in 2010. The well is producing an average of 18 barrels of oil per day over one week of production testing by pump.

Reaching a total depth of 2,900 feet, the well is a direct offset to producing wells YNG 2589 and YNG 3234 (completed in January 2010) and was perforated over three intervals in two oil bearing sands. In addition, there is one additional deeper zone which exhibits good wireline log character and possible completion here will be addressed in the future.

YNG 3235 is a continuation of Goldpetrol’s focus on drilling shallow to intermediate depth development wells and optimised reactivations of old wells that have been identified from geologic and reservoir engineering studies.