Banda flaunts its goodies for Petronas
Malaysian state oil company Petronas is suspending the Banda NW ST-1
sidetrack off Mauritania following indications that the well hit an 85 metre
gross gas column and 15 metre gross oil column.
Australian partner Roc said the gas column holds 15 metres or 18% net gas
pay and the oil column holds 10 metres or 67% net oil pay.
The company added the fluid contacts were as expected and the well is
interpreted to be in communication with the original Banda-1 discovery well
drilled in 2002, about two kilometres to the east.
The Banda field lies in about 300 metres of water and spans production
sharing contract area A and B.
Roc holds a 3.693% interest in the production sharing contract area B joint
venture, along with the operator Petronas Carigali (PC) Mauritania on
53.846%, Tullow Oil on 21.6%, Mauritania Holdings with 11.63% and Premier
Oil on 9.231%.
In production sharing contract area A, Roc holds a 4.155% stake, along with
operator PC Mauritania on 53.846%, Tullow Oil with 24.3%, Mauritania
Holdings on 13.084%, Fusion Mauritania with 3% and FP Mauritania on 1.615%.
07 May 2008 02:41 GMT
| last updated:
07 May 2008 03:10 GMT
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