Tethys, Oman Partner to Spud Farha South-3 in Feb, Appraise East Saiwan
Tethys will participate in a two well drilling program during spring of 2009 on Blocks 3 and 4 onshore Oman. Preparations to drill the first well -- Farha South-3 on Block 3 -- are ongoing. The well is estimated to spud in the first week of February. The second well -- East Saiwan-2 on Block 4 -- is scheduled to follow as soon as Farha South-3 has been finalized.
Mobilization at the Farha South-3 well location is ongoing. A total of 110 truckloads have moved the 2,000 horsepower Dalma-4 rig to the drilling location where it is currently being assembled. Drilling target is the Lower Bashair sandstone formation at a depth of around 1,900 meters. Farha South-3 will be drilled 1.2 km South East of the Farha South-1 oil discovery. Based on data from previous operators, it is estimated that the Farha South structure could contain some 8 to 10 million barrels of recoverable oil. The discovery well tested a total of 260 bbl of 40 degree API oil from the Lower Bashair formation in 1986. Farha South-3 will be drilled as a vertical pilot hole to test the lateral continuity of the Lower Bashair sandstone after which a 700 metres horizontal sidetrack is planned to be drilled to boost productivity.
Once Farha South-3 has been finalized, Tethys and partner will appraise the heavy oil discovery of East Saiwan on Block 4. When drilled in 2005, the well East Saiwan-1 logged about 42 meters of oil saturated limestones and sandstones. Although the section was evaluated by electric logs it was never drill stem tested. Previously, this oil was considered immobile; however, recent technical studies indicate that it potentially could be produced. Based on current data, calculations show that the East Saiwan area could contain more than 1 billion barrels of oil in place.
Tethys has a 50% interest in Blocks 3 and 4. Consolidated Contractors Energy Development (Oman) Ltd holds the remaining 50% and is operator.
- Blockchain Demands Attention in Oil and Gas
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Oman Sees Increasing Ship-to-Ship Transfers of Russian Oil Bound for India
- CNPC Opens Sea-Land Oil Storage and Transport Facility in Bangladesh
- US Govt Makes Record Investment of $6B for Industrial Decarbonization
- Perenco Still Searching for Missing Person After Platform Incident
- Eni, Fincantieri, RINA Ink Deal on Maritime Decarbonization
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Oil Falls as US Inventories Increase
- Czech Utility CEZ Bucks Weaker Prices, Demand to Log Record Annual Profit
- Equinor Makes Discovery in North Sea
- Standard Chartered Reiterates $94 Brent Call
- India Halts Russia Oil Supplies From Sanctioned Tanker Giant
- Centcom, Dryad Outline Recent Moves Around Red Sea Region
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- PetroChina Set to Receive Venezuelan Oil
- Czech Conglomerate to Buy Major Stake in Gasnet for $917MM
- US DOE Offers $44MM in Funding to Boost Clean Power Distribution
- Oil Settles Lower as Stronger Dollar Offsets Tighter Market
- UK Grid Operator Receives Aid to Advance Rural Decarbonization
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension
- Equinor Makes Discovery in North Sea
- Standard Chartered Reiterates $94 Brent Call