Petroceltic Confirms New Kurd Drill as it Awaits Further Shakrok Testing

Printer Friendly Version
Email this Page

Oil and gas junior Petroceltic International confirmed Thursday that drilling on its Shireen-1 well on the Dinarta license, Iraqi Kurdistan, is scheduled to begin within three-to-four weeks.

The well, which will target oil in both the Jurassic and Triassic layers, is expected to take around 150 days to reach its planned total depth. Gross prospective oil resources at the target have been estimated at some 706 million barrels.

The well comes under the operatorship of Hess, which holds a 64 percent stake. Petroceltic and the Kurdistan Regional Government hold 16 percent and 20 percent respectively.

In an operational update Thursday, Petroceltic said drill stem tests on Kurdistan's Shakrok-1 well, which was drilled in March, have been completed in the fractured carbonates of the Butmah formation. Both of these tests flowed formation water to the surface with no hydrocarbons. The plan now is to proceed with the testing program and run two further DSTs in the overlying Adaiyah and Mus intervals, with testing operations set to continue until late May.

Petroceltic Chief Executive Brian O'Cathain commented in a company statement:

"We have reached the half-way point of our Jurassic formation testing program in Shakrok-1. The well-test results to date indicate that the Butmah formation is water-bearing and contains only residual, non-movable, hydrocarbons. The remaining two tests will target potential oil zones which have been identified by wireline logging within a gross 300 meter stratigraphic column beneath the Alan Anhydrite formation, which acts as an effective seal for oil columns in offsetting discoveries. We await with interest the outcome of these next two tests."

Elsewhere, Petroceltic began drilling an exploration well on the South Dikirnis prospect in Egypt on May 2. The well is targeting a potential oil and gas-bearing prospect within the West Dikirnis license (in which Petroceltic holds a 100-percent stake). The South Dikirnis prospect has a gross mean un-risked prospective resource of 7.6 million barrels of oil equivalent. The well is scheduled to reach its total depth in early June.

In Romania, the Muridava-1 exploration well was started on the Muridava license (where Petroceltic is the operator with a 40-percent stake) on April 11. The well –which is targeting resources of 185 billion cubic feet of gas – is expected to take two months to complete.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

Printer Friendly Version
Email this Page

WHAT DO YOU THINK?

Post a Comment 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.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Jura Posts Test Results for Reti-2 Wel... (May 28)
 -  AMEC Foster Wheeler Bags Pre-FEED Cont... (May 28)
 -  DNO Announces Production Increase at T... (May 28)
 -  NPD Grants Det Norske Drilling Permit ... (May 28)
 -  DNV Appoints New CEO, Who Warns of Tou... (May 28)


Most Popular Articles

From the Career Center
Jobs that may interest you
Rig Clerk
Expertise: Rig File Clerk
Location: Midland, Texas
 
Drilling Engineer - Contract position (Operator)
Expertise: Drilling Engineering
Location: Houston, TX
 
Well Monitoring Advisor/Specialist - (MULTIPLE OPENINGS)
Expertise: Mud Logging|Well Control|WellSite Supervisor
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $62.06/BBL 2.60%
Light Crude Oil : $57.71/BBL 0.55%
Natural Gas : $2.82/MMBtu 0.00%
Updated in last 24 hours