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Lundin
Considers to Plug & Abandon Wan Machar Well in Sudan
05-10-2008
Lundin Petroleum AB
announces that well Wan Machar-1 has reached Total Depth at 1,466 metres. The
well is located in the swamp area on the east flank of the southern Muglad Basin
in Block 5B, Sudan.
Wan Machar-1 found the target Aradeiba and Bentiu sandstone reservoirs as
planned, underlain by shales of the Abu Gabra formation, which constitutes the
regional source rock. The well entered basement at 1,360 metres. Minor gas shows
were encountered from 675 metres to Total Depth, but no oil shows were recorded.
The acquisition of logs has been delayed due to technical problems with the rig.
However it is expected that the logs will confirm the well as a dry hole and if
so it will be plugged and abandoned.
The well is the second of a four well programme scheduled for Block 5B in 2008.
It was drilled using the Dietswell RCR 1200 rig in a swamp location in the north
eastern part of the block. The next two wells are targeted at the eastern flank
and central area of the basin, both in the swamp, and will be drilled using the
same barge mounted drilling rig complex.
Initial indications are that the structure and reservoir conditions are
favourable for hydrocarbons, but that the maturity of the source rock in the two
drilled flank locations may be the reason for the lack of gas and oil shows. The
results of the first two exploration wells will be analysed to get a better
understanding of the regional geology of the Southern Muglad Basin. The next
well locations are both closer to the central part of the basin where it is
anticipated that the source rock quality and maturity will improve.
The partners in Block 5B are Petronas Carigali White Nile (5B) Ltd ("Petronas")
(39%), Lundin Petroleum (24.5%), ONGC Videsh Ltd (23.5%) and Sudapet Ltd (13%).
Furthermore, the partnership has accepted the recommendation of the National
Petroleum Commission to assign a 10 percent share to the National Oil Company of
Southern Sudan to be allocated on a "pro rata" basis from each of the partners'
shares. The operator of Block 5B is White Nile Petroleum Operating Company (WNPOC)
a joint venture between Sudapet Ltd and Petronas.
Ashley Heppenstall, Pres ident and CEO of Lundin Petroleum, commented: The
drilling results to date are disappointing. However, the wells provide important
data that will allow us to develop our understanding of this part of the basin.
Block 5B is very large area covering 20,000 km2, being in excess of 120 blocks
in the UK North Sea. It remains essentially unexplored other than for the two
recent exploration wells.
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