PetroChina scores again in China's Halatang area

This article is extracted from International Oil Letter, Vol 25 issue 22, published 1 June 2009.

Dana Gas has revealed that its Tulip 1 (Ja 71-1) exploration well in the West Qantara exploration block has tested 11.4 MMcf/d of gas and 318 bc/d from an 11m net pay sandstone reservoir in the Messinian Abu Madi Formation. The well was drilled to a total depth of 2,200m in the Abu Madi Formation and is believed to have tapped a structure with reserves of up to 30 Bcf. The company secured its interest in the license in January 2007 when it completed a US$ 950 million acquisition of Canada's Centurion Energy International. Former operator Centurion ranked the acreage as relatively under-explored but with recent seismic and geological studies indicating significant potential with the largest and lowest risk prospects lying on trend to the south and east of the El Wastani field. A total of 12 prospects have been mapped to date and additional leads are being studied.

© Copyright 2009, IHS and its affiliated and subsidiary companies, all rights reserved. All trademarks belong to IHS and its affiliated and subsidiary companies unless otherwise noted, all rights reserved.

The material and data contained herein have been compiled for the exclusive use of subscribers of IHS and no part hereof shall be reproduced, quoted or published in any manner without the written consent of IHS. Information presented in and used by IHS is obtained from operator sources but is not warranted as to its accuracy by the publishers.