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Noble Energy Completes Drilling I-5 Offshore Equatorial Guinea
05-15-2008
The drilling of the appraisal
well I-5 has been completed on the Benita structure in Block I in Equatorial
Guinea. The well determined the net oil pay to 13 meters and defined the
oil-water contact. The oil and gas group PA Resources has a 6 percent working
interest in the license.
The operator Noble Energy has successfully completed the drilling of the
appraisal well I-5 on the Benita structure in Block I in Equatorial Guinea. The
well was designed to determine down dip reservoir limits as well as provide an
opportunity to flow test the oil zone. The purpose with the well was to appraise
the extent of the earlier made discoveries of oil and gas in the wells I-1 and
I-2 on the Benita structure.
The appraisal well was successfully drilled to a total depth of 3,075 meters by
the drilling rig Sedco 700 and it encountered
approximately 13 meters of net oil pay and defined the water-oil contact. 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 II-5 well has established additional oil
in the Benita structure. This well has furthermore provided the license partners
with vital information to continue the planni ng of the development of the
Benita field" says Ulrik Jansson, President and CEO of PA Resources.
PA Resources has a 6 percent working interest in Block I, through its fully
owned subsidiary Osborne Resources. Operator is Noble Energy (40 percent) and
the other partners are Atlas Petroleum International (29 percent) and Glencore
(25 percent).
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