Gas2Grid's Exploration Well Fails to Find Hydrocarbons in Cebu Limestone



Australia's Gas2Grid disclosed in a statement Wednesday its Gumamela-1 exploration well in its wholly-owned Service Contract 44, onshore Cebu, in the Philippines has failed to locate any hydrocarbons in the Cebu Limestone.

The company said that Gumamela-1 has been drilled to a depth of 2,887 feet (880 meters) "without any hydrocarbon shows." Gas2Grid is at present drilling the well – which targets up to 15 million barrels of recoverable oil – ahead to fully evaluate the Cebu Limestone Formation.

Gumamela-1 is the second well being drilled in Gas2Grid’s current three-well exploration program. It will test a Miocene age Cebu limestone pinnacle reef, along with secondary targets in the overlying draped sandstone reservoirs of the Malubog and Toledo formations.

Gumamela-1 is sited 3 kilometers (2 miles) of the recently drilled Jacob-1 well, which failed to encounter any hydrocarbon shows. Jacob-1 is the first exploration which Gas2Grid drilled.



WHAT DO YOU THINK?


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.