Karoon Vitality Restricted stated its Who Dat East exploration and appraisal effectively within the U.S. Gulf of Mexico (GOM) has proven constructive potential.
Karoon reported that the MC 509-1 effectively reached a depth of 21,700 toes (6,614 meters) measured depth (MD) within the 12-¼-inch gap part. Intermediate wireline logging was accomplished previous to setting 9-⅞-inch casing, and the effectively will drill forward in an 8-1/2-inch gap to a deliberate closing whole depth of 25,918 toes (7,900 meters).
Logging Whereas Drilling (LWD) and wireline logging information have indicated that a lot of hydrocarbon-bearing sandstones have been encountered throughout the focused Center Miocene turbidite sequences, Karoon stated in a information launch.
Interpretation of the info signifies a hydrocarbon-bearing mixture whole internet pay thickness of 144.3 toes (44 meters) MD throughout the focused intervals, with 101.7 toes (31 meters) MD inside two discrete reservoir models, in accordance with the discharge.
The wireline logging information, reservoir fluid samples and different geoscience information can be topic to laboratory analyses and additional research to find out the useful resource potential of the hydrocarbon zones encountered up to now, Karoon stated, including that it plans to finish working 9-⅞-inch casing earlier than drilling to the deliberate whole depth of roughly 25,918 toes (7,900 meters) MD, to check the remaining targets.
Karoon Managing Director and CEO Julian Fowles stated, “Preliminary interpretation of the effectively information from the Who Dat East exploration/appraisal effectively is constructive. The early outcomes point out potential for a steady hydrocarbon part in a lot of high-quality sands correlated to the close by MC-509 Exxon #1 exploration effectively. As soon as the remaining targets have been drilled and closing TD logging accomplished, we will be in a greater place to guage any potential affect on hydrocarbon volumetrics at Who Dat East, with a view to figuring out the commerciality of a possible growth. Moreover, this early success at Who Dat East helps our perception that there’s exploration upside potential that may be unlocked surrounding Who Dat. As soon as drilling is full the effectively can be suspended as a possible future producer, pending the outcomes of additional evaluation”.
In Might, the Noble Valiant drillship spudded the Who Dat East exploration/appraisal effectively.
Who Dat East is estimated to include 5.4 million barrels of oil equal (MMboe) of 2C contingent sources internet to Karoon on a internet income curiosity (NRI) 1 foundation and 10.7 MMboe of unrisked 2U potential sources internet to Karoon on a NRI foundation. The combination geological likelihood of success is estimated to be 62 p.c. The effectively is predicted to price $50 million to $56 million internet to Karoon, together with a two-for-one carry, capped at $23 million.
The Who Dat East three way partnership members on a working curiosity foundation are operator LLOG Exploration Firm, L.L.C. with a 40 p.c stake, Karoon with 40 p.c, and Westlawn with 20 p.c.
Who Dat is a standard deepwater oil and fuel operation positioned in roughly 2624.7 toes (800 meters) of water offshore Louisiana throughout the federal waters of the U.S. GOM. Earlier within the month, the Who Dat East appraisal/exploration effectively and the Who Dat South exploration effectively offshore had been authorised for drilling by their respective joint ventures.
To contact the creator, electronic mail rocky.teodoro@rigzone.com
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