Ithaca Reserves Increase Significantly Since Stella Well

Ithaca Energy has increased reserves at the Stella field, following a successful appraisal well drilled in the first quarter of 2010. After reviewing the well's data, the field's proven reserves (1P) increased to 20.88 MMboe, a 30.6% increase; and the proven plus probable reserves (2P) increased to 41.96 MMboe, a 12.8% increase. The boost in Stella's reserves is attributed to the additional hydrocarbon column height, the nature of the fluids found within the structure, and the larger area defined by the appraisal well. Ithaca will now move forward with development plans of both the Stella field and the satellite fields, Harrier and Hurricane, with first oil and gas planned for late 2012. The Stella gas field is situated on UKCS Block 30/6 in waters measuring 280 feet (85 meters) in the North Sea. Ithaca serves as the operator and holds a 50.33% interest.

continue reading about Stella on SubseaIQ

continue reading the full article


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Field Specialist
Expertise: Field Development|Field Service Tech
Location: Dickinson, ND
Field Technician Intern
Expertise: Field Development
Location: Charlotte, NC
United States Rock Springs: Entry Level to Senior Field Engineer - Logging
Expertise: Petroleum Engineering
Location: Rock Springs, WY
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours