Sterling Provides Drilling Update in Gabon

Source: www.gulfoilandgas.com 8/1/2008, Location: Africa

Sterling confirmed that the ICM-1 well, in the Iris Marin permit offshore Gabon, has been drilled to a depth of 1,640 metres. The reservoir was encountered as planned, but was found to be water bearing, and the well is therefore being plugged and abandoned. Sterling has a 32% interest in the Iris Marin permit, following a recent farmout of an 18% interest on a carried basis and Sterling’s 14% paying interest in the well is more than covered by the past costs payment made to Sterling, as part of this farmout.


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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 


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