Russia’s Lukoiland Japan’s Inpexhave successfully completed the testing of the first exploratory well, Eridu 1, at Block 10 in Basra governorate.
The well recorded a daily flow rate of more than 1,000 cubic meters of sweet oil from Mishrif horizon, confirming geological expectations of a large hydrocarbon field presence within the Block 10 contract area.
Geological exploration at the block is in progress: work program for 2017 includes the drilling and testing of an appraisal well Eridu 2.
Lukoil has a 60-percent stake in Block 10, with Inpex owning 40 percent.
Oryx Petroleum has announced that the Banan-2 appraisal well (“BAN-2”) has been spudded in the Hawler license area in the Kurdistan Region of Iraq.
Oryx Petroleum is the operator and has a 65% participating and working interest in the Hawler license area.
Henry Legarre (pictured), Oryx Petroleum’s Chief Operating Officer, stated:
“We are very excited to have successfully accelerated the spudding of the BAN-2 appraisal well. This is one of the most important wells we will drill in 2014 as it allows us to assess the multi-hundred million barrel potential up-dip of the Banan-1 exploration well that was successfully tested earlier this year.
“The drilling of BAN-2 and the acquisition of 3D seismic in the next few months should provide us with a better understanding of the full potential of the Banan discovery.”
The Sakson Hilong 10 rig spudded the BAN-2 appraisal well approximately 5 kilometres to the North-West of the Banan-1 exploration well (“BAN-1”). As announced on March 12, 2014 oil was successfully flowed in two cased-hole drill stem tests on the BAN-1 exploration well, one in each of the Cretaceous (Shiranish and top Kometan formations) and the Lower Jurassic (Butmah formation). Additionally, the drilling and test results showed the development of additional reservoirs that will be further appraised and tested as part of the appraisal program for Banan.
Prior to the start of the BAN-1 testing program, Netherland, Sewell & Associates, Inc. (“NSAI”) estimated as of December 31, 2013 that the Banan discovery contains low, best and high estimates unrisked gross (100%) contingent oil resources of 5, 40 and 440 MMbbl, respectively, all in the Cretaceous formations.
HKN Energy Ltd. (HKN) has announced that it has notified the Kurdistan Regional Government of Iraq (KRG) that the Swara Tika discovery is a “Commercial Discovery” pursuant to the terms of the Sarsang Production Sharing Contract.
HKN, as operator of the Sarsang Block, has drilled two wells on the Swara Tika structure. The Swara Tika-1 exploration well was spudded in August 2010 and drilled to a total depth of approximately 3,800 meters. Daily flow rates were established from two Triassic tests estimated at more than 7,000 barrels per day (bpd) of 35°-39° API oil with associated gas.
The Swara Tika-2 well was spudded in December 2011 and drilled to a total depth of approximately 3,700 meters. The Swara Tika-2 well established natural flow from five Triassic zones totaling more than 18,000 bpd of 35°-39° API oil and 14 million standard cubic feet (mmscf) of associated gas on a 2” choke with only a portion of each interval perforated.
In addition, during the drilling of Swara Tika-2, HKN successfully recovered significant quantities of heavier Jurassic oil to the surface using underbalanced drilling techniques. The Swara Tika-2 well is located 4 kilometers away from the Swara Tika-1 discovery well and the hydrocarbon bearing zones of interest are 150 meters downdip from the Swara Tika-1 well. Both wells have approximately 1,800 meter gross stratigraphic sections with indications of hydrocarbons.
“We are pleased to declare a commercial discovery relating to the Swara Tika structure, which is an important milestone as we move toward the full development of this discovery,” said Russell Freeman, Chief Executive Officer, HKN Energy. “We continue to appraise the other structures on the Sarsang Block as permitted by the KRG, and we look forward to working with our co-venturers and the KRG to further develop this world class block.”