Jubilant Energy N.V. Successful Testing and Production of Sixth Well (0946Z)
03 Febbraio 2014 - 9:02AM
UK Regulatory
TIDMJUB
RNS Number : 0946Z
Jubilant Energy N.V.
03 February 2014
3 February, 2014
Jubilant Energy NV
("Jubilant" or "the Company")
Successful Testing and Production of Sixth Well of Phase-III
Extension Development Campaign in the Oil Producing Kharsang
Field
Jubilant is pleased to announce that KSG#70 (previously referred
to as KPL-3E-5), the sixth and last development well of the
Phase-IIIExtension drilling campaign in the Kharsang Field,
Arunachal Pradesh, has successfully tested for oil and has been put
into productionat an initial gross rate of 38 barrels of oil per
day ("bopd") by artificial lift.
KSG#70 was an infill development well in the northern part of
the Kharsang Field with the D-00 reservoir sand layer as primary
objective and G-00 and G-60 sand layers as secondary objectives.
The well, spud on 2 August 2013, was successfully completed
drilling to a revised target depth of 1,075 meters Measured Depth
("MD") (1,003.3 metres True Vertical Depth ("TVD")) on 17 August
2013.
Based on the wire line log interpretation, mud log shows and
formation pressure data from the Reservoir Dynamic Tester, the
Consortium identified total net pay of 64.6 metres, out of which
38.2 metres appears to be oil bearing. Initial production testing
was carried out in the intervals 955-957.5 metres and 916-920
meters in the G-00 and G-60 sand layers, which commenced on 18
September 2013. Now the well is completed on Sucker Rod Pump and is
currently producing at a rate of around 38 bopd.
KSG#69 (previously referred to as KPL-3E-1), the fifth
development well of the Phase-III Extension drilling campaign in
the Kharsang Field, Arunachal Pradesh, has successfully been tested
for gas from O-00 reservoir layer and is recognised as a potential
gas well for future production. The well was spud on 24 June 2013
and successfully drilled as an infill development well in the
southern part of the field, to a target depth of 1,568.6 meters MD
(1,385.3 metres TVD) on 21 July 2013.
GeoEnpro Petroleum Ltd., a joint venture between GeoPetrol and
Jubilant Enpro (a member of the wider Jubilant Bhartia Group), is
the Operator of the Kharsang Field. Jubilant holds a 25 percent
interest in the block through its subsidiary, Jubilant Energy
(Kharsang) Pvt. Ltd. The other members of the consortium are Oil
India Ltd. and GeoPetrol.
Enquiries:
Jubilant Energy Vipul Agarwal +91 120 4025700
Callum Stewart, Adam +44 20 7886
Panmure Gordon James 2500
Competent Person's - Consent for Release
Mr Ramesh Bhatia - Chief Operating Officer, holds a Master of
Science Degree in Applied Petroleum Geology and has over 20 years
of experience in the Oil and Gas Exploration, Development and
Production industry. He has reviewed and approved the technical
information contained in this announcement pursuant to the AIM
guidance note for mining and oil and gas companies.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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