Looking good: Noble Energy confirms in Block I in Equatorial Guinea
Noble confirms Benita pay
Operator Noble Energy has confirmed net oil pay of 13 metres, following the completion of its appraisal well I-5 in Block I in Equatorial Guinea.
The well, drilled on the Benita structure, was designed to determine reservoir limits and the extent of the earlier discoveries of oil and gas in wells I-1 and I-2.
The well was drilled to a total depth of 3,075 meters by the Sedco 700, and encountered about 13 metres of net oil pay.
Noble Energy is currently preparing to flow test the well, after which the rig will proceed to drill on a Miocene prospect named Diega in Block I.
“This result is very encouraging, as the I-5 well has established additional oil in the Benita structure,” said PA Resources boss Ulrik Jansson.
“This well has furthermore provided the license partners with vital information to continue the planning of the development of the Benita field.”
PA Resources holds a 6% stake in Block I, through its fully owned subsidiary Osborne Resources. Meanwhile, Noble Energy has a 40% interest, Atlas Petroleum International 29% and Glencore 25%.