Oil Search Prepares to Drill Mananda 7 ST4 Well in PPL 219 in PNG

Oil Search Limited reported Thursday that as at 06:00 hours Papua New Guinea (PNG) time Feb. 20, the Mananda 7 ST3 well in Petroleum Prospecting License (PPL) 219 in PNG was being plugged back in preparation to drill a new side track, Mananda 7 ST4, which will target the south-eastern extension of the Mananda 6 discovery.

During the week, Mananda 7 ST3 was drilled to a total depth of 10,105 feet (3,080 meters) in an 8.5 inch hole and intersected the Toro, Imburu A and Digimu reservoirs as expected within a new fault compartment located to the north east of Mananda 6. The preliminary interpretation of logs and pressure data indicates the reservoirs in this new compartment are water-bearing.

Mananda 7 ST3 achieved its objectives of providing structural information and appraising the fluid content of the new fault compartment. Mananda 7 ST4 will now be drilled to the southeast of Mananda 6 in order to penetrate the crest of the structure in an optimal production location.

Mananda 7 is located in PPL 219 and is targeting the Toro and Digimu sandstones.

The participants in Mananda 7 are:

  • Oil Search (PNG) Limited - 71.25 percent
  • Nippon Oil Exploration (Niugini) Limited - 20.00 percent
  • Merlin Petroleum Company - 8.75 percent
  • Total - 100 percent

Oil Search reports that at 06:00 hours KRI time Feb. 19, the Taza 2 well was at a depth of 5,928 feet (1,807 meters) and drilling ahead in a 17.5 inch hole. Drilling progress for the week was 1,496 feet (456 meters).

Taza 2 is located 6 miles (10 kilometers) north-west of Taza 1 and will appraise the hydrocarbon-bearing intervals discovered by Taza 1 (Dhiban/Jeribe and Euphrates/Kirkuk Formations), as well as explore deeper Tertiary and Cretaceous targets including the Shiranish Formation.

The participants in Taza 2 are:

  • Oil Search (Iraq) Limited* - 60 percent
  • Total E&P Kurdistan Region of Iraq (Taza) B.V. - 20 percent
  • Kurdistan Regional Government (KRG) - 20 percent
  • Total - 100 percent

* Oil Search’s funding interest is 75 percent, with the KRG’s 20 percent interest carried by Oil Search and Total E&P Kurdistan Region of Iraq (Taza) B.V.


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