Exploration • Drilling • Field Services
Oil campaigns provide fresh encouragement for investors
From Alaska to Ireland and Indonesia, many exploratory campaigns are producing positive results. Eugene McCarthy explains.
Desde Alaska hasta Irlanda e Indonesia, muchas campañas exploratorias están obteniendo buenos resultados, explica Eugene McCarthy.
Von Alaska über Irland bis Indonesien liefern zahlreiche Explorationen positive Ergebnisse. Eugene McCarthy erklärt die Hintergründe.
different depths. Te initial production tests carried out on two of the wells yielded encouraging results for future development, says the company. Repsol operates the discovering
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consortium with a 70 per cent stake, in association with 70 & 48, a subsidiary of Armstrong Oil and Gas, (22.5 per cent) and GMT Exploration (7.5 per cent). Te Qugruk 1 (Q-1) and Qugruk 6
(Q-6) wells produced two hydrocarbon shows, with encouraging results during production tests. In the Qugruk 3 (Q-3) well, hydrocarbons were identified at multiple levels.
hree wells drilled by Repsol during a recently completed winter exploratory campaign in an oil-rich area of Alaska have found crude oil at
Exploration can only be carried out during four months of the year, when the terrain is frozen. Wells Q-1, Q-3 and Q-6 reached depths of 2493 metres, 3214 metres and 2637 metres respectively. Assessment and exploration work will continue during the 2013-2014 winter campaign. Tese results are encouraging for the
future development of the resources discovered, says Repsol. Recent tax reform passed in Alaska was a critical factor in ensuring the development of this project, where extreme climate conditions and geographical remoteness result in high operating costs. Te North Slope of Alaska is an especially promising area for Repsol, as it has shown itself to be oil-rich. In the USA, Repsol also explores for and
Fig. 1. Testing on the FPSO at Matang in Indonesia indicates that the gross resource estimate for the structure remains in line with the pre-drill estimate of 100-400 billion cubic feet.
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