Prospex Oil and Gas Plc has been advised by the operator, Raffles Energy S.R.L. (Raffles), that all relevant permits are now in place to drill the Bainet West prospect on the exploration area of the EIV-1 Suceava Concession in northeast Romania.
The civil engineering works at the drilling site started on 26 May 2019 with the aim to allow on-site mobilisation of the drilling contractor in the second half of June.
Subsequent drilling operations at Bainet West are expected to commence in either late June or early July. Prospex's wholly-owned subsidiary, PXOG Massey Limited, holds a 50% non-operated interest in the 984km2 concession.
Bainet West is well defined on 2D seismic, with similar seismic attributes to Suceava’s Bainet field. The Bainet West prospect lies at a similar depth and is similarly positioned in relation to a fault. Bainet-1 was drilled to a total depth of 600m and encountered 9m of reservoir with 8m of net gas pay consisting of a good quality Sarmatian sandstone reservoir, similar to that found in fields producing in and around Suceava. If a commercial discovery is made, it’s is likely to be put on production in a similar fashion to Bainet-1, via a flowline link to the Bilca gas processing plant.
Civil works and well site preparations for Bainet West will take several weeks and are expected to be completed in time for the contracted rig to be on site before the end of June 2019. Exact timings are dependent on the rig being mobilised from its current location, but drilling is expected to commence shortly after the rig arrives on site. The drilling and testing programme at Bainet West is expected to take 15 - 20 days, and Prospex will provide a further update around the time of commencement.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/28052019/prospex-gives-update-bainet-west/