Toreador Updates on Paris Basin Drilling Ops

Toreador has provided an operations update on the La Garenne LGA-1D conventional exploration well, which is located on the 100% Toreador-owned 'Rigny le Ferron' permit in the Paris Basin in France.

Due to a delay in the arrival of the SMP N°2 rig owned by Société de Maintenance Pétrolière (SMP), the completion and production testing of the LGA-1D well is now expected to begin in the last week of January. As was communicated previously, the LGA-1D well was drilled in the fourth quarter of 2009; results confirmed a 5-meter reservoir within a 50-meter oil column in the target Dogger formation. Based on the Company’s continued evaluation of the La Garenne LGA-1D well results, the Company believes that the well confirms a porous and hydrocarbon-bearing reservoir with a localized low-permeability area at the crest of the structure, which is a geologic feature seen in other fields in the basin.

For clarity, the Dogger formation contains a conventional reservoir and is unrelated to Toreador's Paris Basin shale oil assets.

Toreador President and CEO Craig McKenzie commented, "Given the previous results of the Flacy-1 and Flacy-2 wells drilled in the 1980s on the flank of the reservoir, combined with the LGA-1D well results, we estimate that the Dogger has at least 6 mmbo of oil in place; however, recoverable reserves associated with this oil will be modeled and calculated as part of a development plan for La Garenne, which management intends to submit later this quarter for Toreador Board approval."


Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Drilling Manager
Expertise: Drilling Manager|Drilling Superintendent
Location: Dallas, TX
Drill Rig Operator
Expertise: Driller|Drilling Foreman / Drilling Supervisor|Production Operator
Location: Hayward, CA
Tool Pusher
Expertise: Field Service Tech|Toolpusher
Location: Odessa, TX
search for more jobs

Brent Crude Oil : $56.86/BBL 0.76%
Light Crude Oil : $50.66/BBL 0.21%
Natural Gas : $2.959/MMBtu 0.30%
Updated in last 24 hours