Entek confirms GoM oil discovery

Offshore staff

WEST PERTH, Western Australia – Entek Energy Ltd. has announced an update on the VR 342 well in the Gulf of Mexico where the company has a 50% working interest.

The well is at 8,162 ft measured depth (2,500 m) and has penetrated the primary L1 sand target. Preliminary wire-line logging and RCI (MDT equivalent) analysis indicates greater than 40 ft (12 m) of net oil pay with an API gravity of 32 degrees, based on interpretation of the RCI data.

Current operations are running side-wall cores to obtain additional reservoir and oil character information (including confirmation of the API gravity of the oil). The well will then be deepened to the planned total depth, which is 8,552 ft measured depth (2,606 m); and the new hole section logged.

Following this, production liner will be run across the open-hole section and the well will be suspended as a future producer. Development planning will begin immediately leading to first oil as soon as practicable. Further announcements will be made once the timing becomes clear.

The above results are as predicted pre-drill and provide further confidence in the gross 3P potential, established by previous drilling on the block, independently evaluated at circa 7.5 MMbbl of oil (1P 2.5 MMbbl; 2P 4.8 MMbbl; 3P 7.5 MMbbl) and 9.5 bcf of gas (1P 3.8 bcf; 2P 6.3 bcf; 3P 9.5 bcf).

As previously announced, it is not intended to test flow rate in this well. Analog studies performed independently on Entek’s request suggest potential flow rates of 500-1,000 b/d with minimal decline for the first 3-4 years. Further analysis will be conducted once side-wall core data has been analyzed. The company says that this is common practice in the GoM, where numerous existing producing analogues give a high level of confidence.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...