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Parex Resources Inc.’s Kitaro-1 exploration well, in the Mirador and Une formations, Alberta, Canada, had an initial three-hour flow period test rate of 2,385 barrels of oil per day (b/d) with a 32/64-in choke and a surface flowing pressure of 400 psi. The measured oil gravity from the Une reservoir was 32° API and the average basic sediment and water during the three-hour period was 0.7%.
The well was drilled to a target depth of 10,800 ft (3,291 m). The well encountered prospective oil pay in the Mirador and Une formations. The Une formation is interpreted to have approximately 25 ft (7.6 m) of net pay and the top 10 ft (3.0 m) of the zone was perforated and tested under natural flowing conditions over a 15-hour period. Due to surface testing equipment limitations, the well had to be restricted to a 16/64-in choke for the remainder of the testing period, and during this period the well flowed at an average rate of 1,082 b/d at a surface pressure of 580 psi.
The drilling rig on location will be de-mobilized from the location as soon as possible to allow further civil work to permit drilling of additional wells and construct the long-term testing facility.
Parex expects that the Kitaro-1 well will remain as an Une production well and that the Mirador formation will be tested in a follow-up well, subject to regulatory and partner approval.