Albania: Petromanas to plug northern wildcat

Petromanas Energy Inc., Calgary, will plug its Juban-1 wildcat in northern Albania at a total depth of 1,716 m after a logging program indicated negligible hydrocarbons.

Petromanas holds a 100% working interest in Blocks A-B, and the well cost $6.5 million or $2 million less than budgeted.

Meanwhile, the Shpirag-2 exploratory well testing Blocks 2-3 reached the top of the target carbonate reservoir zone at 4,750 m, and Petromanas set casing to the top of the objective to put the less stable flysch shale that overlies the target carbonate behind pipe.

The well, estimated to cost $44 million to drill to target depth of 6,100 m, is drilling ahead in the carbonate reservoir.

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

Whitepapers

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...