🕐06.09.10 - 03:54 Uhr
Tindalo Operation Update September
ASX Announcement
6 September 2010
SC 54A Tindalo Operations Update
Nido Petroleum Limited (Nido), as Operator of Service Contract 54A (SC
54A), is pleased to advise that the Tindalo-1 well intervention and
remediation programme has commenced.
Since the previous update on 30 August 2010:
The support vessel M/V Pacific Ariki arrived at the Tindalo location on 5
September with the items necessary for the well intervention and equipment
and materials are being transferred from the support vessel to the rig;
The Tindalo-1 well has now been shut-in and re-entry operations have
commenced;
Diagnostic logging will be undertaken early in the programme to determine
the selection of the most appropriate option to remedy the water influx
into the well; and
The well intervention and remediation programme is scheduled to take 10-17
days to complete.
Other operational highlights include:
Some 196,000 barrels of oil (@60°F) are now in the storage tanks of the
FSO; and
The offtake of the first cargo is currently scheduled for 16-18 September,
subject to weather.
Nido will provide a further update on the progress the in-field operations
once the results of the diagnostic logging have been analysed.
Please refer below to the ASX release of Nido Petroleum Limited, SC 54A
Operator, for further details.
To read the full announcement please click here.
http://esp.gewru.com/download/files/12414/1238394/Tindalo%20Operations%20Update%20September%202010.pdf
For more information please contact:
Dr Mark Fenton
Managing Director
Kairiki Energy Limited
Tel: 61 (8) 9388 6711
Karen Oswald
Professional Public Relations
Tel: 61 (8) 9388 0944
Corporate Profile
Kairiki Energy is an Australian based junior international oil and gas
exploration and production company focussed on the Philippines.
Kairiki
holds a 30.1% interest in Service Contract 54A and a 40% interest in
Service Contract 54B.
SC 54A measures 862 km2 and contains the Tindalo, Yakal, Nido 1X1 and
Signal Head oil discoveries as well as a substantial portfolio of similar
low-risk reefal prospects.
In December 2009, Kairiki announced that the SC
54A Joint Venture had approved the development of the Tindalo field.
The
Tindalo development utilises a jack-up rig and a dynamically positioned
storage vessel.
Following a short project execution period, the Tindalo
development tested oil at 18,689 bbls/d at the end of May 2010.
Since that
time, unexpected early water ingress to the well has resulted in the
SC 54A Joint Venture preparing for a well re-entry and remediation
programme to reduce or eliminate the water production.
Based on a
successful development at Tindalo a number of follow-up developments may be
considered in SC 54A.
SC 54B measures 3184 km2 and contains the Gindara prospect which has a mean
unrisked oil in place volume estimated by the Operator, of 634 million
barrels.
The Gindara prospect is a very large simple four-way closure at
the Top Nido Limestone reservoir objective with an areal extent of 28 km2,
a vertical closure of over 300m and is well located to receive hydrocarbon
charge from the Palawan Trough.
Kairiki is seeking to farm down its
interest in SC 54B to accelerate drilling of the Gindara prospect.
---------------------------------------------------------------------------
This email was sent by Karen Oswald, Professional Public Relations, 588 Hay
Street, Subiaco WA 6008 to
Unsubscribe:
http://esp.gewru.com/forms/u/3a4fa83/12414/1785080732.html
---------------------------------------------------------------------------
Products & Services | Jobs
|