The current drilling program will comprise a multi-well oil campaign including exploration, appraisal and development opportunities, and a high impact unconventional gas exploration well. The first two wells of the campaign are located on the producing Worrior and Spitfire fields. Worrior-11 (ex PEL 93: Senex 70% and operator, Cooper Energy 30%) is a development well targeting oil accumulations in the lower Birkhead and Hutton horizons. The well is due to be spudded in mid-December.
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CGG delivers data sets for Gabon South Basin
CGG has released the final processed depth volumes (Kirchhoff and RTM PreSDM) from the company’s recent 3D BroadSeis™ multi-client survey in the highly prospective Gabon South Basin. As technical consultant to the Gabonese Republic’s Ministry of Petroleum and Hydrocarbons, CGG acquired the broadband seismic survey of over 25,000 km2 to support Gabon’s 11th Licensing Round. The seismic survey is part of an integrated geoscience program that will also include reviewed, resolved and interpreted well and geological data, in order to provide a petroleum systems evaluation supported by regional interpretations and reports.
Substantial reserves awaiting development – DW
MOST E&P companies have seen reserve replacement ratios declining as a consequence of a drop off in exploration and appraisal activity, energy intelligence group, Douglas-Westwood, said in a report.
The country that has bucked the trend is Myanmar, which has shaken off political and economic trade embargoes as a result of reform that saw the lifting of international sanctions in 2012. Shell, Eni and Chevron and a number of independents, notably Reliance Industries and Oil India, have been attracted to the country’s gas prospects, specifically in the Rakhine basin.
Woodside, after the discovery of the Thalin-1 well in February, has committed to an exploration program with four to seven drilling campaigns.