Exploration: News for Oil & Gas and Hydrocarbon Industries  Membership Services
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account Gulfoilandgas rss feed Follow us on Facebook  Jobs 
Products and vendors Services and providers Oil & Gas Software and publications

Sterling Issuing Interim Management Statement

Source: www.gulfoilandgas.com 11/4/2010, Location: Middle East

Share |

The Sangaw North #1 exploration well is drilling ahead at 2,927m. Drilling operations remain challenging with two sidetracks undertaken to drill past an open-hole testing packer that could not be retrieved and a bottom hole drilling assembly that became mechanically stuck. The well has drilled through several prospective Cretaceous reservoirs, two of which were flow tested.

DST #1 tested an open-hole interval within the Cretaceous Kometan formation. During a 6-hour flow period, an initial recovery of gas was followed by flowing water with minor gas content.

DST #2 tested an open-hole interval of the Cretaceous Shiranish formation. The well produced gas at an estimated flow rate of 4 million standard cubic feet per day (mmscfd) along with some drilling fluids. However the gas flow subsequently decreased and was followed by water, believed to be formation water, flowing at an estimated rate of 4,300 barrels per day. During a second flow period, the well initially flowed water and then produced gas at an estimated flow rate of 1 mmscfd. The gas flow again decreased and was replaced with water at an estimated rate of 750 barrels per day.

Below these Cretaceous horizons lie additional prospective Jurassic reservoirs which are planned to be evaluated. Sterling's best estimate of oil-in-place for the Jurassic and Triassic reservoir targets is 3 billion barrels (an estimate that RISC supported as reasonable). Assuming a 20% recovery factor, the prospective resources for the Jurassic and Triassic is 600 million barrels of oil. RISC estimates the geological chance of success at around 10% and considers that gas and condensate are at least as likely to be discovered as oil.

The Sangaw North #1 exploration well is expected to reach its target depth by the end of the 4th quarter of 2010.

Exploration News in Iraq >>

Sonatrach Makes 18 Hydrocarbon Finds in 2014
  Algeria >>  9/2/2014 - Thirteen finds were made during the six first months of 2014, seven of which are relating to oil and six to gas, in the basins of Berkine, Illizi, and...
Oil and Gas Exploration in the Northwestern Coast
  Egypt >>  9/1/2014 - Three international companies won the international tender raised by the Egyptian Natural Gas Holding Co. (EGAS) last month. This tender is to conduct...

Algeria Delays Oil Bids to September 30
  Algeria >>  8/28/2014 - Algeria has accepted a request by foreign energy companies to push back the opening of bids for its new oil and gas round to the end of September, the...
Ivanhoe Energy to Terminate Ecuador Contract
  Ecuador >>  8/26/2014 - Petroamazonas oil company is in the process of terminating a contract with Canada's Ivanhoe Energy, officials said. Ivanhoe has held a 30-year oil exp...

Shell Announces Marjoram-1 Gas Discovery in Malaysia
  Malaysia >>  8/26/2014 - Shell announces further exploration success in Malaysia with another gas discovery at the Shell-operated deep-water Marjoram-1 well. ...
Circle Oil Finds Discovery on EMD-1 Well
  Tunisia >>  8/26/2014 - Circle Oil Plc, the Middle East and Africa focused oil and gas exploration, development and production company, is pleased to announce the preliminary...



Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Iraq Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 |

More News

Oil & Gas Projects in Iraq >>

Oil & Gas Companies in Iraq >>

Related Links

Countries Quick Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas E-Marketplace - Promote your Business - About Us
Copyright Universal Solutions All rights reserved. Privacy Policy. - Contact Us