
Monday, September 28, 2015
RoyalGate Energy revealed its timeline for the drilling of the Tulip Upper Isongo discovery and Tulip Massive Isongo prospect in Block Z, offshore Equatorial Guinea. The Z-1 well is to be drilled in Q1 2016.
Located to the north of Bioko Island and south of the Marathon Oil-operated Alba field, Block Z has estimated gas reserves of more than 3.6 tcf. A 600-sq km 3D seismic campaign in 2014 showed the Tulip, Daisy, Buttercup, and Sunflower prospects. Block Z also contains the Gardenia discovery, made in 2004.
The operator plans to drill the Z-1 well close to the location of previous offset wells and in the vicinity of known producers. These offset wells provided initial geological and geophysical data. Based on this and the seismic, magnetometer and shallow gas hazard data, the well has been designed and located to intercept the Upper Isongo and Massive Isongo zones.
President of RoyalGate Energy Frank Ene said: “We are proud to announce the drilling program for the Z-1 well. This is the continuation of what we see as a long term partnership with Equatorial Guinea and we see a lot of development potential for Block Z. We are bullish about the prospectivity of this block and our other assets in Equatorial Guinea.”
The company is scheduled to hold a technical committee meeting for Block Z with the Ministry of Mines, Industry and Energy and selected contractors on October 22 in Djibloho, Equatorial Guinea.