ChevronTexaco double success in Nigeria
Posted: 22 October 2003
ChevronTexaco Corp. affiliate, Star Ultra Deep Petroleum Ltd, announced
a significant oil discovery on its Nigeria deep water Oil Prospecting
License (OPL) 249. Star Ultra Deep is 100 per cent contractor equity
holder and technical advisor to Oil & Gas Nigeria Ltd.
The rank wildcat Nsiko-1 well, which was drilled to a total depth
of 13,968 feet and in 5,674 feet of water, discovered a substantial
amount of net hydrocarbon pay in multiple zones.
One zone was tested in the well and flowed at 6,500 barrels of
high quality crude per day under restricted flow conditions. The
well was abandoned upon completion of testing operations. Appraisal
drilling on the Nsiko discovery is planned for the first half of
2004.
In addition, the Aparo 3 appraisal well confirmed the extension
of the Aparo oil field onto OPL 249. The well, drilled in 4,270
feet of water to a total depth of 12,000 feet, encountered a substantial
amount of net oil sand. The results from the Aparo-3 well indicate
that the OPL 249 Aparo, OPL 213 Aparo, and Oil Mining Lease (OML)
118 Bonga SW discoveries share a common structure and thus should
lead to a joint oil development by the OPL 249, OPL 213 (Texaco
Nigeria Outer Shelf Ltd. is Operator with 100 percent interest),
and OML 118 partners (no ChevronTexaco affiliate interest).
"This latest exploration success is very exciting, especially
as it follows so closely on the recent successful Usan appraisal
well," said George Kirkland, president of ChevronTexaco Overseas
Petroleum. "Nigeria deep water is an integral part of ChevronTexaco's
growth strategy for West Africa and confirmation of this latest
drilling success in OPL 249 further enhances our already very strong
position there."
Adding his comments, Jay Pryor, Star Ultra Deep and ChevronTexaco
Nigeria/Mid Africa strategic business unit managing director, said,
"The Aparo and Nsiko wells on OPL 249 confirm its commercial
viability. It further demonstrates ChevronTexaco's ability to deliver
superior exploration results from a focused, high impact exploration
program."
For more information see http://www.chevrontexaco.com/
Posted by Richard Price,
Editor Pipeline Magazine
Information supplied by companies
or PR agencies who are responsible for content. Send press releases
to info@pipelinedubai.com |
