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Pantheon Resources has announced updates on the Alkaid #2 Well

Published by , Deputy Editor
Oilfield Technology,

Spudding of Alkaid #2 Well

Operations have commenced on the Alkaid oil accumulation with the spudding of Alkaid #2, the company’s first horizontal well on the ANS, using the Nabors 105AC drill rig. The rig is larger than those previously used, with increased capacity, and can undertake multiple functions. As of 8 PM BST on 06 July, Pantheon was drilling ahead at a depth of approximately 300 ft.

The Alkaid #2 well will assess three impactful objectives over multiple formations:

  • Production testing a proven oil formation encountered in Alkaid #1.
  • Exploring the deeper potential for oil in that zone.
  • Appraising an extension of oil discovered in the Shelf Margin Deltaic at Alkaid #1 and Talitha #1.

The Alkaid #2 well is located adjacent to the Dalton Highway and Trans Alaska Pipeline System (TAPS), the main transportation highway and export pipeline, respectively, and approximately 4.5 miles from the Alkaid #1 discovery well drilled in 2015. A key objective of this well is to gain robust production test data to accurately assess the ultimate potential of the reservoir. Whilst the company believes the optimum well design to exploit the Alkaid anomaly would include +8000 ft lateral sections, in this first well the company will adopt a more conservative approach with a shorter lateral simply to minimise operational risk.

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