Orca Energy Group Inc. faces challenges with well intervention operations in Tanzania.

From GlobeNewswire: 2024-12-18 18:34:13

Orca Energy Group Inc. provides an operational update on SS-7 well intervention operations in Tanzania. Despite successful water shut off and reperforation attempts, limited gas flows were observed, leading to project costs increasing to $27 million. Following unsuccessful gas production from Cenomanian sands, the company has ceased intervention operations and begun demobilization. Post-project analysis will evaluate results, with updates to follow. Orca Energy Group Inc. is committed to supporting Tanzania’s economy by providing natural gas to Songas for power generation. The company’s forward-looking statements address expectations for compensation and demobilization efforts.



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