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Thursday, July 22, 2010
Dominion Petroleum’s first well drilled on Uganda’s Block EA4B failed to meet expectations. The company said that the Ngaji-1 well was drilled to total depth of 1,765 meters and the results were inconclusive. Dominion said that no significant hydrocarbons were identified.
The well was designed to test the geology of the Lake Edward Graben Basin and the company plans to run a full suite of logging and coring, as well as a vertical seismic profile. These results will support the layout and design of the 2D seismic program later in the year and subsequent exploration drilling next year.
Furthermore, Dominion said that the Ngaji-1 well may be suspended to provide for possible deviated drilling under Lake Edward next year to test a lead down-dip of the current location.
Andrew Cochran, Chief Executive, stated: “We are pleased with the geology observed in Ngaji as it demonstrates key elements of a prospective basin which had otherwise been fundamental risks in the Lake Edward Graben of Uganda and D.R. Congo. While stronger indications of hydrocarbons were hoped for, the well supports our planned exploration program for the whole basin in both countries over the next couple of years. As part of that program we should see seismic operations start in the fourth quarter of 2010 and a resumption of drilling in 2011.”
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