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News Breaks
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February 10, 2012
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| 05:03 EDT |  | CIE |
| theflyonthewall.com: | Cobalt Imt'l Energy announces successful pre-salt flow test offshore Angola | | Cobalt International Energy provided additional data confirming the significance of its Cameia Pre-salt oil discovery in Block 21 offshore Angola. The Cameia-1 Well was drilled in 5,518 feet of water to a total depth of 16,030 feet, at which point an extensive wire line evaluation program was conducted. The results of this wire line evaluation program confirmed the presence of a 1,180 foot gross continuous oil column with over a 75% net to gross pay estimate. No gas/oil nor oil/water contact was evident on the wire line logs. An extended Drill Stem Test, or DST, has now been performed on Cameia-1 to provide additional information. The DST flowed at an un-stimulated sustained rate of 5,010 barrels per day of 44-degree API gravity oil and 14.3M cubic feet per day of associated gas - approximately 7,400 BOEPD - with limited drawdown. The flow rate, which was restricted by surface equipment, facility and safety precautions, confirmed the presence of a very thick, continuous, high quality reservoir saturated with light oil. :theflyonthewall.com |
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May 23, 2012
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| 07:35 EDT |  | CIE |
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