abce certificate
Friday, 21 November, 2008, 21:40 GMT | more >>

Contango scores Dutch prospect triple



By Upstream staff 

Photo by AFP


Contango Oil & Gas said its third well at its Dutch prospect on Eugene Island Block 10 was successful and would be tied into its Eugene Island 24 production platform.

The Dutch-3 well lies about 2200 feet south-east of the Dutch-2 well. The Dutch-1, Dutch-2 and Dutch-3 wells are expected to produce at a combined rate of 90 million to 110 million cubic feet equivalent per day.

Contango said the Dutch-2 well is due on line in August this year and the new Dutch-3 well in October. The company said the Dutch-1 well was alrready producing at a rate of 38 MMcfe per day.

The company now estimates the Dutch prospect contains proven reserves of 226 Bcfe, of which 66 Bcfe is net to Contango.

Contango owns a 40% stake in the prospect through its Contango Operators unit, which is running the project with a 16% stake, and its 42.7% stake in Republic Exploration, which holds a 56.5% interest in the project.


Friday, 29 June, 2007, 18:54 GMT  | last updated: Friday, 29 June, 2007, 18:54 GMT

e-mail this article to a colleague


to email:  from:
comments: