Oilexco Tests Oil at Huntington from Fulmar Sands

Oilexco Incorporated says that it’s wholly owned subsidiary Oilexco North Sea Limited and its partners have successfully drill stem tested the Upper Jurassic Fulmar sand in its recently announced multiple zone light oil discovery on its 40% owned Huntington Prospect in Block 22/14b in the UK Central North Sea. Oilexco’s partners in the discovery are Altinex Oil (UK) Limited (20%), E.ON Ruhr gas UK Exploration and Production Limited (25%), and Carrizo Oil and Gas, Inc (15%).

The discovery well 22/14b-5 was drilled to a total depth of 13,325 feet. The Upper Jurassic Fulmar sand at 12,750 feet was drill stem tested through 101 feet of perforations across 130 feet of oil bearing Fulmar sand. The test flowed 39 degrees API oil up to a maximum rate of 4,624 bbls/d and associated gas at a rate of 1.6 MMcf/d through a 64/64 inch choke with a flowing tubing pressure of 310 psia. There was no water or sand produced during the test. The test equipment utilized for the test restricted flow rates. Preparations for drill stem testing of the Paleocene Forties interval will commence immediately after the suspension of the Upper Jurassic Fulmar zone.

Further appraisal of the Huntington oil accumulations are planned for the fourth quarter using one of Oilexco’s two long term contracted semi-submersible drilling rigs. The structures tested by the 22/14b-5 well are significant. This appraisal will confirm the size of the structures, which will aid in the definition of potential development solutions going forward.

“We have had an enviable drilling record over the last year”, said Oilexco President and CEO Arthur Millholland. “Our success at Sheryl, Shelley, Kildare and now Huntington give us new opportunities to grow the Company. These development opportunities combined with our Ptarmigan project, which is incremental to our Brenda/Nicol Fields, will give Oilexco a significant presence in the UK North Sea well into the future,” added Mr. Millholland.

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