BW Offshore said May 14 that it has successfully drilled and completed the DTM-3 appraisal well located at the Tortue field, within the Dussafu license, offshore Gabon.
The operation followed the drilling and completion of the DTM-2H horizontal production well which targeted the Dentale D6 reservoir. Future planned operations include an additional horizontal development well, the DTM-3H, which will target the Gamba Sandstone formation in the central part of the field.
“The appraisal well confirms the high quality of the Tortue field and gives us further confidence in the upside potential of the Dussafu license,” Carl K. Arnet, BW Offshore’s CEO, said. “We continue to execute on the development plan towards first oil in the second half of 2018 as planned.”
The DTM-3 appraisal wellbore was designed to appraise the western flank of the Tortue field attempting to extend the known distribution of hydrocarbon resources within the Gamba and Dentale formations.
The key objectives for the appraisal well were achieved including the confirmation of the presence of oil in the western flank of the Gamba formation which had previously been classified as contingent resources and will likely lead to additional development drilling in this part of the field once evaluations are completed and necessary approvals obtained.
Also, the penetration of approximately 30 m (98 ft) of hydrocarbon-bearing reservoir within the Gamba and immediately underlying Dentale Subcrop Sandstones at a structural position matching the pre-drill estimate; penetration of additional hydrocarbon-bearing reservoirs in the Dentale D2B and Dentale D6 reservoirs; and accident-free operations that were conducted both on time and on budget in the process of drilling the well to a total depth of 3,550 m (11,646 ft).
Recommended Reading
OPEC+ Delays Oil Hike Until April, Extends Cuts Into 2026—Sources
2024-12-05 - OPEC+ has repeatedly postponed increases crude oil volumes in the faces of weak demand and rising supply from rivals.
What's Affecting Oil Prices This Week? (Nov. 4, 2024)
2024-11-04 - For the upcoming week, with the increased geopolitical risk and OPEC+’s delay in phasing out its production cut, Stratas Advisors expect that the price of Brent crude could test $77.
Oil Prices Rise as OPEC+ Considers Delaying December Output Increase
2024-10-30 - Oil prices rose more than 2% on Oct. 30 after Reuters reported that OPEC+ could delay a planned oil production increase in December by a month or more because of concern over soft oil demand and rising supply.
Oil Set for Weekly Loss on Surplus Fears After OPEC+ Cut Extensions
2024-12-06 - The Organization of the Petroleum Exporting Countries and its allies on Dec. 5 pushed back the start of oil output rises by three months until April.
What's Affecting Oil Prices This Week? (Dec. 16, 2024)
2024-12-16 - For the upcoming week, Stratas Advisors expect oil prices will move sideways with more downside risk than upside potential.