Karoon Power Ltd has confirmed a hydrocarbon discovery within the Who Dat South exploration effectively within the Gulf of Mexico (GOM).
Karron stated in a information launch that the exploration effectively intersected a number of hydrocarbon-bearing sandstone intervals by way of the focused Miocene zones, over a gross interval between 5,000 meters measured depth (MD) and a closing whole depth (TD) of seven,014 meters MD.
Preliminary evaluation of formation stress measurements and fluid samples point out the presence of a excessive liquid yield gas-condensate fluid, Karoon famous. Formation water samples have been additionally recovered to facilitate future geotechnical and growth engineering research. A manufacturing liner was put in over the interval to allow utilization for potential future manufacturing, the corporate acknowledged.
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The Who Dat South effectively was drilled by the West Neptune drillship from Mississippi Canyon Block 589 as a deviated gap (with a wellbore angle of as much as 47 levels) into Mississippi Canyon Block MC 545 and is situated at roughly 780 meters water depth, round 6.8 miles (11 kilometers) west of the Who Dat Floating Manufacturing System.
Karoon Managing Director and CEO Julian Fowles stated, “The preliminary outcomes at Who Dat South are encouraging and, if confirmed by additional evaluation of the info, considerably exceed Karoon’s [approximately] 40-meter TVT pre-drill prognosis for the effectively. Affirmation of a excessive liquid yield gasoline/condensate useful resource of this high quality simply 11 kilometers from the Who Dat manufacturing facility is an encouraging end result. We congratulate LLOG on a profitable operation and stay up for working with our companions to undertake a full interpretation of the volumetrics and industrial potential of the zones encountered”.
“Along with the success at Who Dat East earlier within the yr, the preliminary profitable outcomes at Who Dat South strongly help Karoon’s technique to diversify its asset base by getting into the Miocene play within the Gulf of Mexico,” Fowles added.
Karoon and asset operator LLOG Exploration Firm LLC began drilling in Who Dat South in September.
In the meantime, Karoon has revised its contingent useful resource estimates for the Who Dat East gas-condensate discovery as of the top of September.
The replace follows the combination of outcomes from the MC 509-1 (LLOG) appraisal/exploration effectively drilled at Who Dat East earlier this yr, Karoon stated in a separate assertion.
The up to date contingent useful resource estimate contains knowledge from wireline logs, fluid samples and subsurface research, which point out a comparatively excessive liquid yield gasoline condensate of 134 barrels per million normal cubic ft. Liquids now signify roughly 45 p.c of the useful resource on the 2C stage, in comparison with 35 p.c pre-drill.
In line with the revised estimates, 1C contingent assets have elevated to 9.1 million barrels of oil equal (MMboe) from 2.1 MMboe; 2C contingent assets have elevated to fifteen.7 MMboe from 5.4 MMboe; and 3C contingent assets have risen to 30.2 MMboe from 14.4 MMboe.
“These analyses have enhanced the definition of the useful resource potential and the probability of a possible future growth,” Karoon famous.
The corporate acknowledged that over the subsequent 12 months, growth idea research will likely be superior because the dataset is supplemented with findings from ongoing geotechnical and engineering research. “Additional updates to the useful resource evaluation are anticipated as examine outcomes grow to be accessible and key components of potential growth choices are delineated,” it added.
“The outcomes from the Who Dat East effectively and the resultant enhance within the Contingent Useful resource estimate to fifteen.7 MMboe on the 2C stage, NRI to Karoon, are a major advance. This end result positively impacts the feasibility and materiality of a possible Who Dat East growth alternative, which we now estimate to have a gross 2C useful resource base near 50 MMboe, with additional potential upside,” Fowles stated.
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