Antrim primed to jump Fyne reserves
Canada’s Antrim Energy is suspending the Fyne well 21/28a-9 in the UK
central North Sea as a future oil producer and is set to upgrade the field’s
reserve report following recent testing.
Full analysis of log and test data from 21/28a-9y has led to an upward
revision of the net oil pay thickness from the previously reported 52 feet
true vertical depth net oil pay and 35 feet net gas pay to 65 feet net oil
pay and 30 feet net gas pay, said Antrim. The well was drilled at a 60
degree angle resulting in wellbore measured thicknesses of 120 feet net oil
pay and 47 feet net gas pay.
The reservoir information collected from the operation will be supplied to
independent engineering evaluator McDaniel & Associates to produce an
updated reserve report on the field.
An injectivity test was carried out with base oil at 4,320 barrels of oil
per day at 890 pounds per square inch.
“The estimated future production rate is expected to be higher than the flow
rates recorded from the adjacent well 21/28a-2 which previously flowed at
3,600 barrels of oil per day from 31 feet of net oil pay in poorer reservoir
quality sandstone,” the company’s chief executive, Stephen Greer said in a
statement today.
Antrim expects to accelerate the Fyne appraisal and development using the
contracted Transocean Prospect which is due to begin a multi-well drilling
programme for Antrim in June.
Two additional wells are planned on the field before the company submits an
application to the UK regulatory authorities for development approval.
Assuming approval is granted, no further wells are expected on the field and
first production is targeted for as early as 2010.
06 May 2008 07:22 GMT
| last updated:
06 May 2008 07:22 GMT
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