High pressure job: the Kan Tan IV's blowout preventer
- Hits keep coming at Intrepid
- Kan Tan IV set to return
- Victory back on course off Trinidad
- Canadians busy off Trinidad
- Victory well hits depth off Trinidad
- Kan Tan IV spuds Victory well
- Kan Tan IV takes to field
- Kan Tan IV sets course for Trinidad
- Canadian Superior waits on rig overhaul
- Drilling bid off Trinidad for Canadian Superior Energy
Kan Tan IV ready for Bounty hunt
Canadian Superior Energy plans to move the semi-submersible rig Kan Tan IV to spud its Bounty Well on Block 5c off Trinidad & Tobago following the successful drilling of the Victory well.
Canadian Superior said in a statement today it had struck 450 feet of net pay in two formations in the Victory well. It said well logging data and geophysical studies suggested the discovery holds up to 1.1 trillion cubic feet of gross recoverable reserves of natural gas and 3.7 million barrels of associated liquids, with a mid-range probability of 615 Bcf of natural gas and 2.37 million barrels of liquids.
The company said it estimated the lower formation could flow at rates of up to 100 million cubic feet per day after testing at a restricted 45.6 MMcfd.
The upper zone is thought capable of producing at 50 MMcfd after testing at a restricted 35.5 MMcfd. It said the condensate-rich lower formation produced about 30 barrels of liquids for every million cubic feet of natural gas.
Canadian Superior said it planned to spud the Bounty well within seven days. It said the well would be drilled to about 18,045 feet in 1000 feet of water, targeting several suspected reservoirs on a separate structure.
Canadian Superior is the operator of the project with a 45% stake in Block 5c. UK-based BG Group holds a 45% interest and Challenger Energy holds a 25% interest through Canadian Superior.
The Kan Tan IV drilling rig is operated for the partners by Denmark’s Maersk Contractors.