Helium One Global is making significant progress at its Southern Rukwa Helium Project in Tanzania, with preparations for testing using an Electrical Submersible Pump underway.
The ESP equipment is expected to arrive in Tanzania between mid to late December. This will enable the company to begin comprehensive testing on the ITW-1 well.
Helium One shares were little changed at the time of writing.
The company’s Predator 220 drilling rig has successfully re-entered the ITW-1 wellbore. The rig crew has recovered the completion string and production packers, preparing the well for the next phase.
Wireline logging operations are currently underway. Digital Borehole Surveying is conducting logging activities to evaluate the open hole Basement section before ESP operations begin.
“This is the next step forward in progressing the southern Rukwa development in Tanzania. We remain hopeful that by being able to increase the flow rate from this discovery well using an ESP, we will see increases in the helium concentration and gas-water ratio,” said Lorna Blaisse, Chief Executive Officer.
“Our understanding is that the helium is sourced from the Basement and below, and we will be attempting to produce from this area at increased rates using the ESP as artificial lift. This will hopefully enable us to advance our contingent resource classification towards bookable reserves and further progress this development to the production stage.
The team continue to work hard in executing the deliverables of this important phase, and I’d like to also extend our thanks to the support of the local communities where we operate and to the Ministry of Minerals and the Mining Commission.”