Oil and gas explorer Cooper Energy has announced that it will drill a second well in the Hammamet West-3 field, in the Bargou Permit, offshore Tunisia
In August 2013, Cooper Energy commenced production testing of the first well in the permit, which is located 1.6km east of Hammamet West-2 in a water depth of 54 metres. The Australia-listed oil and gas company is the operator and a 30 per cent joint venture interest-holder of the Bargou Exploration Permit. Dragon Oil holds a 55 per cent interest and Jacka Resources holds the remaining 15 per cent stake in the permit.
The cost of the Hammamet West-3 project is about US$80mn.
In a company statement, the energy firm said the decision to drill a second wellbore was made after it found open hydrocarbon bearing fractures in the field during production tests of the first well.
“The drilling could not be completed due to ongoing blockages and obstructions caused by lost circulation material,” the company said.
The first wellbore reportedly tested flow rates of about 1,290bpd of crude.
Cooper Energy expects to drill the second wellbore in 28 days, while testing and well suspension is expected to take another month.
READ MORE...