The company will provide SA-01 drilling results to the market when the well has reached total depth and acquired data has been evaluated. The SA-01 well is intended to confirm that the Serenity structure, which the company has previously announced is estimated to have a P50 resource of 197 million bbl of stock-tank oil initially in place (STOIIP), is hydrocarbon-bearing and that it is a material extension of the Tain discovery which is situated in the adjoining Block 13/23b. Upon completion, the Serenity well will be plugged and abandoned as planned.
Majid Shafiq, CEO of i3 Energy commented: "We are excited to be drilling this potentially high-impact well at Serenity which could add materially to i3's reserves and resources and may become a fast-tracked development alongside the neighbouring Tain oil field. The Borgland Dolphin continues to perform very well with operations running smoothly to date and we look forward to updating the market as our well objectives are achieved."
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/08102019/i3-energy-begins-drilling-at-serenity-field/