Solimar Energy Ltd., Melbourne, said its Kreyenhagen Ranch 2-33 well in the northwestern San Joaquin basin in California has encountered more than 600 ft of Temblor formation heavy oil sands with oil present throughout.
The well, drilled at a 48° angle, went to 1,472 ft measured total depth. Schlumberger is analyzing logs to determine rock and fluid properties including oil and water saturation. Results are expected within a week.
The well is in a gazetted field area that has 13-18° gravity oil in a trap of the same type as giant Coalinga oil field to the north, Solimar said. Four suspended wells are available for reentry. The Temblor sandstone lies below the fractured McClure (Monterey) shale and above the fractured Kreyenhagen shale.
Solimar will complete the well and place it on production using a completion rig in due course to obtain reservoir fluid samples and to evaluate the production performance of a deviated well on primary production.
Solimar plans to include the well in an upcoming steam pilot test scheduled for early 2014 and has received the key permit for the steam EOR pilot.
The company has signed a farmout with a Canadian public company for an appraisal and development joint venture on 1,720 acres. The farmee is providing the funding, while Solimar remains operator.