Statoil Unlocks Third Gullfaks Discovery in 2011

- Statoil Unlocks Third Gullfaks Discovery in 2011

Wednesday, August 24, 2011
Statoil
by SubseaIQ

An exploration well and a sidetrack currently being completed by Statoil near Gullfaks South have yielded the third discovery made in the Gullfaks license so far this year.

"This confirms yet again that infrastructure-led exploration is important and yields highly commercial finds which can be brought on stream quickly," said Tom Dreyer, exploration head for the northern North Sea.

"We regard the area around Gullfaks South as prospective and the find confirms our faith in the area. Even though the volumes are modest compared with the large finds made off Norway earlier, this type of discovery is important for maximizing the potential on the Norwegian continental shelf, and contributes to extending the production life of installations."

The wells were intended to prove petroleum in Middle Jurassic reservoir rocks of the Brent group, and whether communication exists with the producing structures in Gullfaks South. Wells 34/10-52 A and B were drilled by Deepsea Atlantic, which will proceed to shore for modification work after completing this operation

Oil- and gas-bearing intervals were observed in the upper part of the Brent group along both well paths, and a column about 120 meters thick with good reservoir quality was proven.

No hydrocarbons were found in the lower Brent group. The wells have not been formation tested, but data were collected and cores taken to determine the hydrocarbon system and contacts.

Preliminary calculations indicate that 3 to 9.5 million barrels of recoverable oil equivalent are present, which are planned to be tied back to existing infrastructure in the Gullfaks area.

The two other discoveries made so far this year in the Gullfaks license are Rutil and Opal.

Oil & Gas Post

Promote Your Page Too
LINK

Gulf Keystone Unlocks Discovery at Shaikan-2 Appraisal

- Gulf Keystone Unlocks Discovery at Shaikan-2 Appraisal

Thursday, August 18, 2011
Gulf Keystone Petroleum Ltd.

Gulf Keystone has made a new Triassic discovery with the Shaikan-2 Appraisal Well, drilled approximately nine km to the south-east of the Shaikan-1 discovery well in the Kurdistan Region of Iraq.

Gulf Keystone has completed drilling of the Shaikan-2 Appraisal Well to a TD (total depth) of 3,300 meters in the middle Triassic, following which a flow test has been performed in the newly discovered Kurre Chine C zone over a 80 meter interval (3,195m to 3,275m). This new zone is highly pressured and correlates with the high pressure zone penetrated at the bottom of Shaikan-1.

The Kurre Chine C flow test in Shaikan-2 has achieved variable flow rates up to a maximum recorded rate of 4,450 barrels of 36 degree API oil per day with associated gas of 813,000 scf per day through a 36/64" choke.

After success with this first test, the Company plans to continue with its program of Shaikan-2 testing in the Triassic and Jurassic.

The Company has a 75 percent working interest in the Shaikan block and is partnered with the MOL subsidiary, Kalegran Ltd., and Texas Keystone Inc. which have the remaining 20 and 5 percent working interests respectively.

John Gerstenlauer, Gulf Keystone's Chief Operating Officer commented, "The new Triassic discovery is yet another chapter in our Shaikan success story. As a result of these successful Shaikan-2 well test results, oil volumes that will eventually be attributed to this zone, will be in addition to the already impressive 4.86 to 10.8 billion barrels of gross oil-in-place already discovered in the Shaikan field."

Oil & Gas Post

Promote Your Page Too
LINK