Page 16 - LatAmOil Week 05 2022

LatAmOil NEWS IN BRIEF LatAmOil

Alameda-1 well was designed to intersect three accumulation of oil.” Alagoas Basin. Petrobras is the Operator of the
separate objectives: “Ideally, this would have Melbana Energy, February 1 2022 block with 75% Participating Interest (PI) and
involved each of the three objectives being inter- in which partner ONGC Videsh holds 25% PI.
sected at the top of their structures. However, Archer wins two-year ONGC Videsh, after detailed evaluation, now
designing a well plan involves compromise, and enters into the development stage with the sub-
thus, based on the geological mapping, the N extension of Argentinian mission of Declaration of Commerciality (DoC)
structure would have to be intersected at a less for the block BM-SEAL-4.
than optimal location, being ‘downdip’ from the drilling service contract The block development module of Petro-
top of the structure. The potential upside in this bras envisages the installation of a shared FPSO
scenario, however, is that finding even a thin oil Archer Ltd has announced that Pan American and a gas pipeline. The name suggested to the
column in the N objective at the current location Energy has agreed to extend the duration of Brazilian regulator for the field is Budião. The
could indicate a significant resource ‘updip’ of Archer’s drilling services contract for a further development module is presently in the con-
the well bore. The early signs of encouraging oil two years on improved terms. tract planning phase and is expected to start
and gas shows/flows bodes very well for another The extended contract covers two drilling production after 2026. The Consortium plans to
significant potential oil pool in this well. Signif- rigs, 13 workover units and 13 pulling units on continue all operational activities for submission
icance of these shows need to be determined by Pan American’s Cerro Dragon field in the Golfo of the Development Plan to the Regulator and
logging.” San Jorge basin in southern Argentina. The con- meeting the target for the first oil.
Melbana Energy’s Executive Chairman tract runs until Q2-2025 and Pan American has ONGC Videsh is the wholly owned subsid-
Andrew Purcell commented: “Given the the flexibility to adjust the level of activity up or iary and overseas arm of Oil and Natural Gas
poor-quality data and highly complex geology down during the contract term. The total value Corporation Ltd (ONGC), the National Oil
that was available to us, the level of accuracy of the contract is estimated at $400mn, subject Company of India.
of predicting target depths of objectives was to actual activity level and services provided by ONGC Videsh, January 31 2022
expected to be quite low. Therefore, the inter- Archer.
section of what is believed to be the N objec- Dag Skindlo, CEO of Archer, commented: Maha Energy spuds
tive limestone at very close to the prognosed “Pan American is a leading energy company in
depth (approximately 3,000 metres MD) is very Argentina, and we are pleased to continue our Tie-5 horizontal well
impressive indeed. It reflects the ongoing excel- long relationship for an additional two years. The
lent work by Melbana’s geoscience team, Errol contract extension, including the renegotiated Maha Energy has announced the spud of the
Johnstone and Dean Johnstone, both of whom terms, constitute a reaffirmation of our mutual Tie-5 Agua Grande (AG) horizontal well in
have decades of experience working in thrust commitment to build on this relationship and Brazil. The Tie-5 well was spudded on time as
belts. to deliver safe and cost-effective operations in per planned schedule at 0900 (GMT-3) on Jan-
“Being able to think in three dimensions, Argentina.” uary 25th on the Tie field in Brazil. The well is
interpret highly complex geology and come up Archer, February 1 2022 designed as a horizontal well and will drain the
with viable geological models are rare and valua- northern part of the Tie field at the Agua Grande
ble skills and essential for Melbana’s Cuban work India’s ONGC Videsh level.
programmes. As communicated earlier, the Tie-4 well was
“We are very encouraged by what this well submits declaration of completed as a vertical producer and tested
has told us to date, particularly given we have 4,695 BOEPD on an Electrical Submersible
encountered oil shows now over two significant commerciality for deep Pump (ESP). The Tie-4 well is now producing
intervals with this latest area also having signifi- through the Tie Production Facility.
cant gas influx, which is a good sign that any res- offshore BM-SEAL-4 block Jonas Lindvall, CEO of Maha Energy com-
ervoir may be well charged. Subsequent logs and ments: ‘In light of the very positive well per-
studies will tell us the significance of what we’re ONGC Videsh Ltd (OVL) has registered a major formance of Tie-4, we are very excited to start
encountered but given the size of these struc- gas discovery in 2019 in its deep offshore block drilling the Tie-5 well. Our drilling team in Bra-
tures it allows for the possibility of a material BM-SEAL-4, Brazil, located in the Sergipe zil have significantly improved on the Tie-4 well
design and I am confident that we will be able to
land the well horizontally in the AG.’
Significant changes have been made to the
Tie-5 well design to address the drilling issues
encountered whilst trying to land the previous
Tie-4 well. Changes include, deepening of the
9-5/8” casing shoe, and drilling the troublesome
Lower Candeias in a shorter section with an
inclination below 60 degrees. The Company has
successfully drilled multiple wells through the
Lower Candeias at angles below 60 degrees. A
new geomechanical study was carried out with
data acquired in Tie-4, and its findings and rec-
ommendations have been incorporated into the
well programme. Tie-5 will also be completed
using an ESP.
Maha Energy, January 26 2022

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