Gulf Oil and Gas accountACCOUNT

Niko Provides Indonesia & India Drilling Update

Source: www.gulfoilandgas.com 1/10/2013, Location: Asia

Niko Resources Ltd., provides the following exploration updates:

Indonesia

The Ajek-1 exploration well in the Kofiau block, located offshore Papua province in eastern Indonesia, was drilled to a depth of 6,270 feet in 25 days, 32% faster than planned, and encountered 23 feet of pay over two target intervals, with additional thin bedded potential being analyzed. Drilling confirmed the presence of reservoir and hydrocarbon charge, the primary pre-drill concerns in this previously undrilled sub-basin. All sands encountered were hydrocarbon filled with no water leg and C5+ gas composition indicated liquid hydrocarbons. The well has been assessed as a sub-commercial oil and gas discovery. Ajek-1 was the first well drilled in the 5,000 km2 Kofiau block and the well results will allow improved reservoir analysis assessing thin bed pay potential as well as improved prediction of potential locations with thicker sand packages.

Additional prospectivity on the Kofiau block remains to be evaluated in both the Pliocene clastic section as well as in a Miocene carbonate play. The Miocene carbonate prospects are analogous to producing fields in the nearby Salawati basin which have cumulatively produced over 500 mmbbl of oil to date.

The Ocean Monarch drilling rig is mobilizing to the Niko-operated West Papua IV block where it will spud the Cikar-1 well in mid-January, with a projected drilling time of 60-70 days. Cikar-1 is targeting a large Miocene carbonate prospect.

India

The G2 well on the D19 discovery in the D6 Block was successfully drilled. The D19 discovery is one of four satellite discoveries approved for development by the Government of India.

The MJ-1 exploration well in the D6 Block is currently expected to spud in the next few months. MJ-1 will target the Mesozoic synrift clastic reservoir, similar to the currently producing MA oil and gas field in the block.

Drilling News in Indonesia >>

Trinidad and Tobago >>  5/28/2020 - Columbus, the oil and gas producer and explorer with operations in Trinidad and Suriname, is pleased to announce that it has submitted to the Ministry...
United States >>  5/28/2020 - Halliburton introduced the DynaTrac Real-Time Wireless Depth Correlation System, a new technology that reduces uncertainty and saves rig-time by enabl...

Norway >>  5/27/2020 - The Norwegian Petroleum Directorate has granted OMV Norge AS a drilling permit for well 6506/11-12 S, cf. Section 15 of the Resource Management Regula...
United Kingdom >>  5/27/2020 - Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, provides an updat...

Iran >>  5/26/2020 - The director of integrated planning of the National Iranian Drilling Company announced the drilling and completion of 23 oil and gas wells in the firs...
Australia >>  5/25/2020 - Warrego Energy Limited (WGO) (Warrego) is pleased to announce that it has received commitments for a $15 million two-tranche placement to institutiona...

Related Categories: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 

Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


Indonesia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |

Oil & Gas Projects in Indonesia >>

More News

Related Links

Gulf Oil and Gas
Copyright 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.