Oilex sinks Oman wildcat
Photo by Christopher Hopson
Australia’s Oilex said the Alyanbou-1 wildcat which is the third and final
well of the phase three well exploration campaign in Oman’s Block 56 has
been spudded to test the north eastern part of the block.
The well will test a simple structural play with an estimated unrisked
resource potential of between 10 million and 375 million barrels of oil in
place (135 mmstboip mean).
Unlike the Sarha and Ghadaq oil discoveries which were drilled on structures
similar to those of the main South Oman Salt basin, the Alyanbou-1 will be
the first well to drill so far east of the main salt basin or in the
Tertiary basin. The well site has been chosen to test a large inversion
feature that lies on the western margin of the large Tertiary basin, which
is separated from the older Paleozoic basin to the west.
Meanwhile, Oilex said the Cambay-23Z well in India has been completed as a
potential gas production well. The outfit has run production tubing and a 12
metre interval, part of a possible gas-bearing zone of interest in the upper
and middle part of the EP IV, was perforated. No flow has yet been
established from the EP IV and once initial testing has been concluded,
fracture stimulation is planned with the objective to increase the gas flow
potential and well productivity.
Oilex holds a 25% interest as the operator of Oman’s Block 56, with partners
Videocon Industries on 25%, Gail with 25%, Hindustan Petroleum on 12.5% and
Bharat Petroleum with 12.5%.
Oilex operates the Cambay production sharing contract with a 30% direct
interest and a further 15% stake through its 100%-owned Oilex Holdings unit.
Gujarat State Petroleum Corporation holds a 55% stake in the venture.
29 April 2008 03:06 GMT
| last updated:
29 April 2008 03:11 GMT
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