Oil Reservoir News

First Oil at Aje

OML 113 in the western part of Nigeria in the Dahomey Basin. The field is situated in water depths ranging from 100 to 1,000 metres about 24 km from the coast. The Aje Field contains hydrocarbon resources in sandstone reservoirs in three main levels - a Turonian gas condensate reservoir, a Cenomanian oil reservoir and an Albian gas condensate reservoir.   As previously disclosed, AGR TRACS International calculated the gross Cenomanian oil Proved plus Probable Reserves estimate associated the Aje-4 and Aje-5 wells, and the gross Contingent Resources estimate associated with the future drilling

Cairn Gears up For Fourth Well Offshore Senegal

of the principal reservoir units between SNE-1, SNE-2, SNE-3 and BEL-1 over a distance of more than 9 kilometres (km)   * Gas-Oil and Oil-Water depths indicate an oil column of ~100m gross at BEL-1 similar to  SNE-1, SNE-1 and SNE-3   * 144m of continuous core taken across the entire oil reservoir interval with 100% recovery   * Multiple samples of gas, oil and water recovered to the surface   * Initial measurements show similar oil quality as seen in SNE-1, SNE-2 and SNE-3, with higher oil density towards the base of the column   The BEL-1 well targeted a shallower

Europa Oil & Gas (Holdings) Update

impact of the ‘Skin’ on production rates.  These will form part of the initial workover programme for the well to prepare it for long term production.   Production from the Wressle oil and gas discovery will follow a phased development initially focussing on the Ashover Grit oil reservoir.   Europa’s CEO, Hugh Mackay, said “We are highly encouraged that reservoir engineering analyses indicate initial production rates in excess of 500 bopd could be achieved from the Ashover Grit interval at Wressle.  Were production to come in at or around this level, our

Saipem Scarabeo 3 Spuds Aje Well

from the coast. Panoro Energy holds a 6.502% participating interest in OML 113 (with a 12.1913% revenue interest and 16.255% paying interest in the Aje Field). The Aje Field contains hydrocarbon resources in sandstone reservoirs in three main levels - a Turonian gas condensate reservoir, a Cenomanian oil reservoir and an Albian gas condensate reservoir. The Aje-5 well is being drilled from a seabed location close to Aje-4 in 300 metres water depth.  The well will be drilled as a deviated well targeting a location close to the Aje-2 subsurface location where that well encountered and tested high

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