Global Leader in International Oil and Gas Industry News

posted in:

Pan Orient Energy Corp. announces Thailand L53-DC1 well update

Friday, Feb 01, 2013

Pan Orient Energy Corp. (TSX VENTURE:POE) ("Pan Orient" or the "Corporation") announced on January 23, 2013 that the L53-DC1 appraisal well located in the L53 D East oil field area of Concession L53, had encountered approximately 55 meters of net oil pay (true vertical thickness) in six separate sandstone reservoir intervals based on the interpretation of a full suite of open hole wire line logs, mud log data recorded while drilling and offsetting well data. Production testing has now been completed on the deepest sandstone zone utilizing the drilling rig.

Approximately 2.7 meters of net oil pay in the A4 sandstone zone at 775 meters true vertical depth has been tested. Initial results were the recovery of between approximately 250 to 500 barrels of oil per day with water cuts of between 10 to 40 percent. At the end of the approximately 72 hour test period, the water cut had increased to approximately 100 percent suggesting that the A4 sandstone zone penetrated at L53-DC1 was in close proximity to an oil water contact. The oil recovered from the test of the A4 sand was 13.8 degrees API, yet flow rates observed during testing were surprisingly high for this low API gravity oil due to a high reservoir temperature at this location that significantly reduces the viscosity of this heavier crude oil.

The A4 sandstone zone tested at L53-DC1 represents approximately 7.3 meters of net oil pay of the total estimated 55 meters of net oil pay in the entire well. The drilling rig was used to test the A4 sandstone zone in the L53-DC1 well. Testing of the other five separate sandstone reservoir intervals with a service rig will commence in approximately two weeks.

Source: Marketwire

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

Air Products to Feature Its Range of Industrial Gas Supply Options and Advanced Gas Technologies at PTXi 2014 24-04-2014
FAR Ltd provides an update on current drilling program in Senegal and future plans in Kenya 24-04-2014
Hess announces sale of Thailand oil and gas assets 24-04-2014
Energid's Actin Software Revolutionizes Oil and Gas Exploration 24-04-2014
Bakken Energy Corp Begins Negotiation to Buy Oil Refinery in Southern Utah Uinta Basin 24-04-2014
Ferus Natural Gas Fuels Acquires Encana's Share in Alberta LNG Plant 24-04-2014
Fincantieri Offshore chooses AVEVA software for a revolutionary project 24-04-2014
Gazprom and Austria discuss alternative Russian gas routes to Europe 24-04-2014
APPEA: Time to lift barriers on New South Wales natural gas development 24-04-2014
BP to sell interest in four Alaska North Slope oil and gas assets 24-04-2014