Petroleum Africa
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Tuesday, August 13, 2013
Caracal Energy Inc. has been busy spudding wells in Chad. The company spud the Krim exploration well on August 4 and the Badilia-4 appraisal well just four days later.
The Krim exploration well is expected to take 40 to 45 days to reach target depth. Krim is immediately southwest of the Mangara development field, and the exploration well is targeting the Cretaceous C and D sands that are currently under development in Mangara, and the Cretaceous E sands, which in Mangara-5 have a potential range of 150 to 230 meters of net pay based on petrophysical analysis.
The Badila-4 appraisal well is expected to take 20 to 25 days to reach target depth. Badila-4 is northeast of the primary Badila field where the first three development wells are located. The well location was chosen to target a new structural high that was mapped on the recent 3D seismic program shot over Badila in Q2. The Badila field has total possible reserves of 40 million barrels, over and above the proved plus probable reserves of 45 million barrels. Much of the possible reserves are associated with the area in and around the Badila-4 well location.
After the Badila-4 well is finished, the same rig will move to the Bitanda prospect, which has been assigned with between 277 and 648 million barrels of Pmean to P10 unrisked prospective resource. It is expected that this well will spud late in Q3 or early in Q4, and will take 35 to 40 days to drill.
The company has also been working on the development of its production facilities in Chad. Its Badila production facility was constructed and commissioned last quarter. This included the tie-in of the first two production wells Badila-1 and Badila-2. The facility is designed to handle up to 14,000 bpd, which will initially come from production in the Badila-1 and Badila-2 wells.
The Mangara production facility saw the materials for the construction start arriving during Q2 2013, and the facility is currently under construction. The Mangara production facilities are scheduled to be completed and commissioned in Q4 2013.
Caracal continues to make progress toward producing into the export line from Chad to Cameroon and will initially ship 468,000 barrels of line fill contribution for partners Glencore and SHT, after which it can accumulate oil for sale. Initial production coming from the Badila-1 and Badila-2 wells is expected to be up to 14,000 bpd.
Gary Guidry, president and CEO, commented: “We are very pleased with the progress we are making with the governments of Chad and Cameroon and TOTCO/COTCO, as we move closer toward finalizing documentation and technical work necessary to begin shipping crude.
“We are also very pleased to be progressing the exploration and appraisal activities on the license area with the spudding of the Krim exploration well close to the Mangara field and the appraisal well at Badila. We look forward to updating the market as we move into Q3 2013 with the spudding of the high impact Bitanda well and first oil.”
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