Union Jack Oil plc has confirmed the potential of the Taylor 1-16 effectively in Seminole County, Oklahoma, USA.
The Taylor effectively, wherein Union Jack holds a forty five p.c working curiosity, was drilled to a complete depth of 4,577 ft.
The primary goal for the effectively, the Hunton Limestone interval was encountered at 4,168 ft and was confirmed to be hydrocarbon-bearing, showing to be extremely porous and permeable, Union Jack mentioned in a information launch.
- Advertisement -
The corporate added that manufacturing casing has been run and cemented, and the rig has been launched.
Two different potential secondary intervals have been noticed, specifically the Cromwell Sand and Misener Sand. The intervals will likely be evaluated at a later date, Union Jack acknowledged.
The technical staff of operator Attain Oil and Gasoline Firm Inc. is planning the completion program, which is predicted to start in early December, in accordance with the discharge.
Union Jack Government Chairman David Bramhill mentioned, “Following the drilling of Taylor we’re very inspired by each the reservoir high quality and hydrocarbon indications we’ve encountered within the Hunton interval, the principle goal”.
“As well as, the invention of additional intervals within the Cromwell and Misener Sands provide extra future potential. Each zones additionally produce effectively within the rapid space,” Bramhill added.
Final month, Union Jack mentioned in an earlier assertion that Taylor could be adopted as quickly as attainable by the drilling of the Moccasin effectively, wherein the corporate additionally holds a forty five p.c working curiosity.
Moccasin is an untested 3D seismic supported Hunton and Wilcox construction with secondary targets in Pennsylvanian Channel Sands and Base Pennsylvanian Unconformity Sand. The Moccasin construction lies near the Woodford Shale, the principle supply for mild oil throughout the area, in accordance with the assertion.
Attain assessed a excessive likelihood of discovering movable hydrocarbons within the Base Pennsylvanian Sands and an approximate 50 p.c likelihood of success in different goal zones, Union Jack mentioned.
In the meantime, Bramhill additionally famous that the corporate reported cumulative revenues of over $22,000,000 in the UK (UK) from the Wressle, web to its 40 p.c curiosity.
“Additionally within the UK, ongoing website enhancements to the Keddington manufacturing asset, wherein Union Jack holds a 55 p.c curiosity are progressing effectively and manufacturing is predicted to begin within the near- future,” Bramhill continued. “We sit up for informing shareholders and the broader market on progress at Taylor following its completion”.
Earlier, the planning consent for an extension undertaking within the Wressle subject onshore North Lincolnshire had been rescinded attributable to a Supreme Courtroom ruling that regulators should take into account Scope III emissions in Environmental Impression Assessments (EIAs). The Wressle consortium had already anticipated the cancellation of the allow issued by the North Lincolnshire Council (NLC) and determined to not file a authorized problem.
Union Jack owns a 40 p.c stake in Wressle, which is operated by Egdon Sources UK Ltd. with a 30 p.c stake, whereas Europa Oil & Gasoline (Holdings) PLC holds the remaining 30 p.c. The asset spans Petroleum Exploration and Growth License (PEDL) 180 and PEDL 182.
Wressle’s confirmed and possible reserves (2P) have been raised by 263 p.c to 2.37 billion barrels of oil equal (boe), compared to a 2016 evaluation, which put 2P assets at 655 million boe.
To contact the creator, e mail rocky.teodoro@rigzone.com
Generated by readers, the feedback included herein don’t replicate the views and opinions of Rigzone. All feedback are topic to editorial evaluate. Off-topic, inappropriate or insulting feedback will likely be eliminated.
