Indago quits Zad well
Posted: 15 July 2008
Indago Petroleum Limited, currently exploring onshore the Sultanate of Oman, reported that drilling operations have been discontinued at the company's Zad well on the Adam Prospect in Block 47.
"The loss of the Zad well is a big disappointment but the decision to terminate early and control costs is the most appropriate option," said David Bremner, CEO.
"We still have confidence in Adam as a prospect and look forward to the opportunity to redrill later."
The well, which spudded on 20 May, had been forecast to take around 100 days to drill to the Cambrian Amin Sandstone reservoir objective at a depth of around 4,250 metres.
Initially, progress on the well was relatively routine and 20 inch casing was set and cemented at 450 meters. Since that time, drilling in 17.5 inch hole, the drillstring became stuck in two separate incidents resulting in the loss of the bottomhole assembly and the initiation of a sidetrack on each occasion.
Following problems initiating the second sidetrack attempt, the operator has concluded that, due to tectonic instability in and around the wellbore at between 600 and 800 meters depth, it is inadvisable to drill ahead. The Joint Venture will review options for redrilling the well at a later date.
Indago holds an approximate 50 per cent interest in Oman Block 47. The operator, RAK Petroleum PCL, holds the balance of the interest.
Posted by Richard Price, Editor, EnergyME.com
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