|
|
News Breaks | | | | January 11, 2013 | | 07:04 EDT |  | TGA | TransGlobe Energy reports good hydrocarbon indicators in Jurassic reservoirs
TransGlobe Energy provides an operation update on South Mariut. The Al Azayem #1 well, the first well of a planned three well exploration program, reached a total depth of 16,391 feet and will be plugged and abandoned. The primary Cretaceous reservoirs did not contain hydrocarbons. The Jurassic section of the well encountered a gross section of approximately 4,000 feet of Jurassic shale and tight carbonates. The shale in the Jurassic had good hydrocarbon indicators recorded while drilling. Analysis of the drill cuttings will be carried out to determine source rock properties. It is expected that the total well cost will be approximately $9M which is lower than the budgeted $9.6M well cost for a 14,500 foot test. Following rig release, the drilling rig is scheduled to drill the HL-5 prospect approximately 15 kilometers north of the Al Azayem prospect. The 10,500 foot Al Nahda #1 well is targeting an independent Cretaceous structure defined on 3-D seismic. Budgeted at $4.3M, the Al Nahda #1 exploration well is programmed to take approximately 40 days to drill. The Al Nahda prospect was independently evaluated as of December 31 by DeGolyer and MacNaughton Canada Limited "DMCL". The Al Nahda #1 well is targeting a combined four potential reservoirs that have a Pg unadjusted Mean Gross Prospective Resource volume of 20.2 million barrels. It is expected that the joint venture partners will finalize the third exploration location early in 2013. | |
|
News For TGA From The Last 14 Days Check below for free stories on TGA the last two weeks. |
|
|
| There are no results for TGA |
|
|
|
|
|
|
