Page 13 - Euroil Week 31 2019

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NEWS IN BRIEF
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Sea (“SNS”). In addition, Halliburton Manufacturing and Services Ltd have been contracted to provide o shore drilling services for the well.
Andrew Hockey, CEO of IOG, commented: “Spudding the Harvey appraisal well is an exciting development for IOG and potentially a major catalyst for the business. Our objective is to prove up a substantial, high-quality reservoir in the heart of our core asset base which would create signi cant shareholder value over and above our recently announced farm-out. Success at Harvey could trigger a further signi cant near-term cash payment plus valuable life-of- eld royalties should our designated partner exercise its right to farm in. We are pleased with our choice of rig and contractors and look forward to drilling the well safely and successfully.”
IOG (UK), August 7 2019
Aker BP makes small gas
discovery in Norwegian
North Sea
Aker BP ASA, operator of production licence 869, has completed the drilling of wildcat well 24/9-13 and appraisal well 24/9-13 A.
e wells were drilled about 6 kilometres southwest of the Boyla eld, and about 230 km west of Stavanger.
e objective of wildcat well 24/9-13
was to prove petroleum in reservoir rocks (sand injectites) in the Eocene. e objective of appraisal well 24/9-13 A was to prove petroleum/water contacts.
Well 24/9-13 encountered a gas column of about 3 meters in the Hordaland group,
whereof a total of 2 metres of sandstone
with mainly good reservoir quality. Several sandstone layers with mainly good reservoir quality were also encountered, totalling 17 metres in the Balder formation. ese showed traces of petroleum.
e sandstones are interpreted as being remobilised sand from the Heimdal and Hermod formation, and injected into overlying stratigraphy in the Rogaland and Hordaland group.
Appraisal well 24/9-13 A encountered a gas column of about 40 metres in injectite zones, of which a total of 7 metres of sandstone
with good to very good reservoir quality. e sandstones are interpreted as being injected sands in the Hordaland group, as in well 24/9-13.
Petroleum/water contacts were not encountered in any of the wells, but the wells overall proved a gas column of minimum 77 metres.
Preliminary estimates place the size of
the discovery between 0.6 and 1.7 million standard cubic metres (Sm3) of recoverable oil equivalents. e licensees will assess the well results for further delineation of the discovery.
e wells were not formation-tested, but extensive data acquisition and sampling have been conducted.
ese are the third and fourth exploration wells in production licence 869, which was awarded in APA 2016.
24/9-13 was drilled to a vertical depth of 2272 metres below the sea surface. 24/9-
13 A was drilled to respective vertical and measured depths of 2240 metres and 3433 metres below the sea surface. Both wells were terminated in the Heimdal formation in the Palaeocene.
Water depth at the site is 118 metres. e
wells have been permanently plugged and abandoned.
Wells 24/9-13 and 24/9-13 A were drilled by the Deepsea Nordkapp drilling facility, which will now drill a production well on the Skogul eld in production licence 460, where Aker BP ASA is the operator.
NPD (Norway), August 7 2019
ADX starts drilling Mica-1 well in Romania
ADX Energy is pleased to advise the Iecea Mica 1 well was spudded at 10.20 am local Romanian time on the August 6 2019. e Iecea Mica 1 appraisal well is located in
the Iecea Mare production licence onshore Western Romania. ADX expects to intersect the rst target reservoir that was previously tested in the historic well approximately
13 days a er spud. e total well program
to drill and evaluate the Iecea Mica 1 well
is approximately 27 days a er spud. ADX intends to report operational progress weekly on every Monday.
e production licence is owned 100% by ADX Energy Panonia, a wholly owned subsidiary of Danube Petroleum. ADX holds a 63% shareholder interest in Danube and is contract operator for the licence and the surrounding Parta exploration permit, in which the production licence is located. e well is being funded through equity contributions of approximately $3mn in Danube by 37% shareholder, Reabold Resources.
ADX Energy (Romania), August 7 2019
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