LONDON – RoyalGate Energy plans to drill a well on block Z offshore Equatorial Guinea early next year.
The Z-1 well will target both the Tulip Upper Isongo discovery and the Tulip Massive Isongo prospect.
Block Z, north of Bioko Island and south of the Marathon Oil-operated Alba field, holds estimated gas reserves of more than 3.6 tcf.
A 600-sq km (232-sq mi) 3D seismic survey over the acreage last year revealed the Tulip, Daisy, Buttercup, and Sunflower prospects. The block also contains the 2004 Gardenia discovery, with estimated reserves of 320 bcf of gas and 25 MMboe of condensate.
Z-1 will be drilled close to previous offset wells and is designed to intercept the Upper Isongo and Massive Isongo zones.
RoyalGate Energy became operator of the concession in 2013. It is due to hold a technical committee meeting with Equatorial Guinea’s Ministry of Mines, Industry and Energy and selected contractors on Oct. 22, in Djibloho.
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