Global Leader in International Oil and Gas Industry News

posted in:

Carnarvon Petroleum Limited announces Thailand drilling report - NSE-B2ST1

Thursday, Nov 29, 2012

Carnarvon Petroleum Limited ("Carnarvon") (ASX:CVN) provides shareholders with the following update on the drilling operations at the NSE-B2ST1 well as at 06:00hrs, 29th November 2012.

The NSE-B2ST1 well had commenced sidetrack drilling operations on 22nd November 2012. Initial operations involve milling 7" casing in the NSE-B2 well bore prior to starting sidetrack drilling. During these milling operations the Bottom Hole Assembly (BHA) parted from the drill string and fishing operations were undertaken in an attempt to retrieve the BHA. Ultimately the fishing operations were unable to recover the BHA and the decision has now been made to continue milling 7" casing prior to commencing drilling of sidetrack.

The well will be drilled to a total depth of 1095m MD and is expected to take around 10 days to complete following the commencement of sidetrack drilling.

The well is targeting the NSE main volcanic in a structural high position with interpreted pay zone of around 106 m thickness based on new interpreted analysis of the 3D seismic data.

It is expected that, if successful, the well will be placed on production within 5-7 days following the completion of the well and production from this well is planned to be restricted to preserve flow rates and maximise recovery rates.

This is an infill well into the NSE Central reservoir which has produced around 5 million barrels of oil to date and based on December 2011 Gaffney Cline Reserve Report has around 2 million barrels of 2P reserves (gross).

Dependent on the results of this well, one further infill well into the NSE reservoir based on revised seismic interpretation of fracture analysis is considered for the 2012 drill program.

Source: Carnarvon Petroleum Limited

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other Oil & Gas News

Aquaterra Energy wins Premier Oil Catcher Drill Centre Template contract 23-04-2014
Claxton’s camera upgrade puts crane safety in the picture 23-04-2014
Elk acquires the Singleton Unit in Nebraska 23-04-2014
Longreach prepares to drill into target Liassic formation with Kamar-1 well in Morocco 23-04-2014
Chevron unveils PitPack motor oil dispensing system 23-04-2014
Farstad Shipping ASA - charter agreements 23-04-2014
Prysmian, € 30 m contract in Abu Dhabi 23-04-2014
Halliburton to build drilling, testing and training facility in Texas 23-04-2014
SEACON (europe) Ltd Receives A Queen’s Award for Enterprise in International Trade 23-04-2014
EnerJex Resources announces Niobrara operations update and development plans 23-04-2014