Zoule-1 Fails to Find Hydrocarbons


Zoule-1 Well Offshore Mauritania
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Hardman Resources reports that the Zoule-1 exploration well in PSC C Block 6 is currently being plugged and abandoned after failing to encounter significant hydrocarbons.

Following the completion of this operation, the Stena Tay will move to the Dore-1 well in PSC B, Block 4. The Dore prospect is located approximately 20 kilometers east of the Tiof field, and 30 kilometers north of the Chinguetti field in water depth of approximately 390 meters. The well will be drilled to a proposed total depth of 2,350 meters and will target Oligocene aged submarine channel/turbidite sands as well as encountering the updip extension of the Tiof Miocene canyon system.

Upon completion of the Dore-1 well the Stena Tay rig will be released by the PSC A and B Joint Ventures. With the recognition of a number of attractive prospects in the shallower, eastern part of PSC A and B a rig capable of drilling in shallower water depths than the targets of the 2004 and 2005 programs was required. The Atwood Hunter, which is capable of drilling from approximately 100 to 1,500 meters, has been contracted to conduct the PSC A and B 2006 and 2007 drilling campaigns and is due to arrive in Mauritania in the second quarter of 2006 after completing its current commitments. The initial exploration wells will be drilled in PSC A and are likely to include the Colin/Colin Deep, Kibaro and Awatt prospects. Hardman's 2006 Mauritania exploration program is expected also to include wells in PSCs B, 7 and 8. The Atwood Hunter provides the joint ventures with significant operational flexibility as it is able to carry out work on any of the Chinguetti development wells, if ever required, as well as conducting appraisal on existing discoveries.

Participants are Woodside as operator; Hardman Resources, BG Group, Premier Oil, Roc Oil, Fusion Oil, Petronas and Societe Mauritanieene des Hydrocarbures (formerly GPC).

Related Companies
 Company: Woodsidemore info


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 Company: BG Groupmore info
 - Despite Cuts, Big Oil to Expand Production into the 2020s (Sep 5)
 - Sound Energy Appoints Ex-BG Exploration Lead (Aug 24)
 - Shell Misses Expectations As Earnings Plunge On Oil, BG Costs (Jul 28)
 Company: Roc Oilmore info
 - SapuraKencana Clinches $72M of Work in Malaysia, India & Cote d'Ivoire (Dec 8)
 - Faroe Completes Roc Oil Acquisition (Nov 6)
 - ROC Fails to Find Hydrocarbons at QK12-3-1D Well in China's Bohai Bay Basin (Oct 20)
 Company: PETRONASmore info


 - TransCanada Seeks Pipe Approval Linked To Petronas LNG Terminal (Mar 20)
 - PETRONAS CEO: Industry Needs to Advocate for Benefits of Gas (Mar 8)
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 Company: Premier Oilmore info


 - Premier Oil Expects Weak Pound To Help Bottom Line (Jan 12)
 - BP: Potential Gas Play Could Open Up New Phase of North Sea Development (Dec 6)
 - Southern North Sea Special Interest Group Launched (Nov 21)
 Company: Hardman Resourcesmore info
 - Stratic Names Thomas CFO, Director (Jun 11)
 - Govt Offers Blocks 2(ab), Guayaguayare to Hardman, Centrica (May 3)
 - Tullow Reports Record Results for 2006 (Mar 21)
 Company: Fusion Oil & Gasmore info
 - Roc Reports Dry Hole Offshore Mauritania (Aug 1)
 - Mauritanian Government Disputing Amendments to Woodside PSCs (Feb 3)
 - Zoule-1 Fails to Find Hydrocarbons (Jan 12)
 Company: Societe Nationale des Hydrocarburesmore info
 - Sterling Energy in Dispute with Cameroon over Ntem Block (Dec 1)
 - Noble Picks Up Stake in Cameroon License (Jul 6)
 - Total Wins Cameroon Exploration Block (Mar 15)
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