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 >>

Vulcan Sub-Basin AC/P50 and AC/P51 Work Program Variation
Australia >>  4/22/2014 - MEO Australia Limited has been advised by the National Offshore Petroleum Titles Administrator (NOPTA) that the Territory of Ashmore and Cartier Islan...
Total Discovers Oil in Deep Offshore Ivory Coast
Ivory Coast (Cote D'Ivoire) >>  4/17/2014 - The Total-operated Saphir-1XB exploration well on Block CI-514 proved the presence of liquid hydrocarbons in the deep offshore west of Ivory Coast. ...

Shell Announces Malaysia Deep-Water Gas Discovery
Malaysia >>  4/17/2014 - Shell announced an exploration discovery offshore Malaysia. The successful ‘Rosmari-1’ well is located 135 kilometres offshore in Block SK318, and was...
BP Head Says Russian Business Unaffected by Sanctions
Russia >>  4/15/2014 - Western sanctions over Russia's actions in Ukraine have not impacted BP's business in Russia, chief executive Bob Dudley said, reiterating the oil maj...

Rosneft Discoveries New Oil Field in Tyumen Region
Russia >>  4/15/2014 - A new field within Zapadno-Gerasimovsky license block was discovered by Rosneft subsidiary Uvatneftegaz. On completion of prospecting well testing on ...
BOEM Proposes Western GOM Oil & Gas Lease Sale
United States >>  4/15/2014 - As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, Bureau of Ocean E...



Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Land & Leasing  Oil & Gas Companies  Production  Service Companies  Utility Systems  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 |


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