1. Most Discussed
  2. Gainers & Losers
HDR 0.0¢

early success for mauritanian program

  1. angers

    3,559 Posts.

    Early success for Mauritanian program

    From Energy Review

    Hayden Lilienthal

    Friday, September 19, 2003
    Chinguetti 4-5 has proved to be an instant hit for the Australian led joint venture offshore Mauritania as the appraisal/early development well intercepted a gross oil column of around 100m of which about 38m are net oil-bearing sandstones.

    Wireline logging, at a total depth of 2,605m has essentially confirmed the pre-drill expectation for this well in terms of the thickness, quality and hydrocarbon content of the reservoir.

    As a result, the Joint Venture plans to conduct a one-to-two week production test before the well will be suspended pending commissioning of the production facilities of the field in late 2005.

    The partners said the reservoir sands appear to be of generally good to excellent quality with a net to gross ratio for the column in excess of 50%.

    The well is being drilled by the drillship "Jack Ryan" in around 820m water depth offshore Mauritania in PSC Area B, 90km from the capital city of Nouakchott and is the first well in a program of up to four wells.

    Chinguetti 4-5 was drilled on the southwestern part of the field about 900m northwest from the Chinguetti-1 discovery well and was not expected to significantly change the oil-in-place reserve estimates for the field.

    The figures stated supercede an earlier release from Roc Oil which announced the interception of a 50m gross oil column.

    The Joint Venture is comprised of Woodside Mauritania (operator) 35%, AGIP Mauritania 35%, Hardman Resources 21.6%, Fusion Mauritania B 6%, Roc Oil 2.4%.

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.