Although the oil is not in commercial quantities, the Sri Trang-1 discovery has validated the hydrocarbon prospectivity of the Northern Kra Basin, Tap Oil said in the release.
The well was completed as a producer in the Shagar formation and flowed on a test light 43.6 degree API oil at an average rate of 1,714 bbl/d with 3.062 MMscf/d of associated gas, according to a news release.
While targeting the Bellatrix exploration prospect and appraising the northern extent of the SNE field discovered in 2014, the BEL-1 well encountered two good quality gas-bearing sand reservoirs of a combined net thickness of 8 m between the Bellatrix main objective and deeper SNE appraisal objective, Cairn said in a news release.
Results of drilling, wireline logs and samples of reservoir fluids show that the well encountered a 22-m oil column in a 1,402-m horizontal section with 1,250 m of net light oil pay, Tullow said in the release.
The Halini-Deep-1 discovery is the third discovery in the block following Halini-X-1 in 2011 and Kalabagh-1A in 2015.
The discovery could signal another basin opening in East Africa. The Cheptuket-1 well was the first to test oil potential in the Kerio Valley Basin.
The final well integrity testing of the Kiliwani North-1 well (KN-1) offshore Tanzania has ended, recording a high tubing pressure reading compared to other producing wells on Songo Songo Island, Aminex said in a news release.
Eni has performed a production test of Zohr 2X, the first appraisal well of the Zohr discovery offshore Egypt, delivering up to 44 million standard cubic feet of gas per day (MMscf/d), Eni said in a news release.
At the 3-D Seismic Symposium in Denver, executives and geophysicists pointed out the potential of 3-D and ambient seismic data collection as a standard tool for asset or field development activities.
The Horse Hill-1 (HH-1) well has flowed light, sweet crude at an average rate of 168 barrels per day (bbl/d), Solo Oil said in a news release.
Genel estimated that Taq Taq had proven and probable reserves of 356 million barrels (MMbbl) of oil as of Dec. 31, down from the 683 million it had estimated in June 2011.
Eni’s continued exploration success in Egypt comes amid a downturn that has caused some companies to reduce exploration spending.