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Thursday, September 3, 2015
Panoro Energy saw drilling at the Aje-5 site on OML 113 reach its targeted depth of 3,233 meters. The well, drilled by the Saipem Scarabeo 3, was a deviated well targeting close to the Aje-2 well subsurface location.
The Aje-5 well intersected 72 meters (true vertical measurement) of gross hydrocarbon-bearing Turonian sandstone. The reservoir has been evaluated using data obtained from a limited suite of LWD logging tools including resistivity and gamma ray and 9 5/8″ casing was set across this Turonian reservoir interval to isolate it. The LWD data is consistent with data from the Aje-1, Aje-2, and Aje-4 wells which all intersected a condensate-rich gas column with an underlying liquid oil rim of around ninemeters.
Preliminary indications are that the net reservoir over this interval in Aje-5 is slightly better than had been seen in these previous wells. The AjeJV partners are continuing to evaluate opportunities to commercialize this significant hydrocarbon resource in the future.
Drilling operations at Aje-5 have been completed ahead of schedule with no safety related incidents reported and the well is now being completed as a subsea oil production well.
The Aje-5 well subsequently resumed drilling to the target Cenomanian where the well encountered 19.4 meters (true vertical measurement) of gross oil-bearing reservoir. A fuller set of LWD tools including gamma ray, resistivity, neutron and density have been run which confirm the presence of oil consistent with pre-drill estimates. The rig has now set a 7″ production liner and the Aje-5 is currently being completed as a Cenomanian production well. After these operations the rig will be moved to re-enter the existing Aje-4 well to complete it as a second Cenomanian production well. A further operational update will be provided at that time.
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