Petro Matad spuds Heron-1 exploration well
Published by Nicholas Woodroof,
Editor
Oilfield Technology,
The Heron-1 well is targeting a prospect with 25 million bbl of Mean Prospective Recoverable Resource and is planned to drill to a total depth of 3050 m. The well is expected to take up to 40 days to complete. In the event of a discovery, the company will bring in a separate rig for testing. A call-off testing contract has been signed, which ensures testing operations, if warranted, can commence soon after discovery.
Upon completion of drilling operations at Heron-1 the rig will move c. 5 km to the Gazelle-1 location.
Mobilisation of the company's second contracted rig to the Red Deer-1 location is ongoing with a targeted spud date before the end of July.
Further operational updates will be provided in due course.
Mike Buck, the CEO of Petro Matad said: "We are delighted to announce the spudding of the Heron-1 exploration well in Block XX to commence our fully-funded 2019 drilling programme. The second half of the year has the potential to be a transformational period for Petro Matad and we look forward to updating you on our progress."
Read the article online at: https://www.oilfieldtechnology.com/exploration/19072019/petro-matad-spuds-heron-1-exploration-well/
You might also like
Global recoverable oil reserves hold steady at around 1500 billion bbl
Rystad Energy’s latest research shows global recoverable oil reserves held largely steady at around 1500 billion bbl, down some 52 billion bbl from the company’s 2023 analysis.