Margarita gas project in gas discovery
Posted: 28 June 2007
Victoria Petroleum N.L. reported that the second of the three wells in the Phase 2 drilling program of the Margarita Gas Exploration Project, Agavero-1 has reached total depth of 1,341 metres after intersecting the target Frio V sand.
Wire line electric logs have been run and petrophysical analysis suggests 5.5 metres of gross gas pay on rock with no water from 889.4 meters depth.
The Operator has recommended perforation of the whole gross pay zone; the upper 4.0 metre laminated sand first to evaluate its reserve potential and then adding perforations to the base 1.5 metre sand interval to evaluate overall reserve potential.
Current activity at Agavero-1 is completion of running casing to carry out back to back testing of Agavero-1 with Donna Carlota-1.
Interpretation of the Donna Carlota-1 wire line logs indicate the target Frio 1.33 sand in Donna Carlota #1 has a gross gas zone of 13.9 metres and net gas pay of 5.6 metres over the interval 1,423.2 to 1,437.1 metres with gas on rock and no water.
The Agavero Prospect is the second of the three prospects that are being drilled in the current program which are analogues of historic prolific Frio and Vicksburg sands production in the project area at <2,000 meters depth.
As with the successful wells in the first program, the tie in of any commercial discovery made on these prospects in this current three well program will be rapid as the project area is crossed by a number of gas pipelines with access rights and available capacity.
Posted by Richard Price, Editor, EnergyME.com
Information supplied by companies or PR agencies who are responsible for content.
Send press releases to richard@energyme.com |
