San Leon announced that it has found oil and has completed the drilling of the Lelechow-SL1 well, the first of a two well exploration programme, on the Company's Nowa Sol Concession targeting the Main Dolomite trend in the Southern Permian Basin in southwest Poland (San Leon 100%). The well was drilled to a depth of 1,167 meters TVD.
Initial evaluation of the results from core and wireline logging results indicate the primary target in the Zechstein Main Dolomite is highly fractured and contains moveable oil.
Oil was recovered to the surface during initial clean out of the well.
Final completion of the well will incorporate an electrical submersible pump to continue to clean out the well and maximize oil flow rates during production.
The Company expects to resume testing of the well in the next few weeks pending final completion of drilling operations. Well completion is being designed for near-term commercial production from the well.
The Company is now preparing to move the rig to begin drilling the Czaslaw-SL1 well, the second well in the Nowa Sol Concession, which will also test the Main Dolomite.
Recommended Reading
Riley Permian Increases Stake in West Texas Power JV with Conduit
2024-05-22 - Riley Exploration Permian increased its ownership in RPC Power, a JV with Conduit Power, to 50% from 35% and has agreed to sell up to 10 MMcf/d of natural gas as feedstock supply for the generation facilities as RPC plans to sell to ERCOT.
Earthstone’s Anderson Relaunches, Seeks Conventional
2024-05-24 - The new E&P PetroPeak Energy will also take a look at unconventional property in the Eagle Ford and Austin Chalk.
Golden Pass LNG Likely Delayed After Engineering Firm Lays Off 4,400
2024-06-06 - An analyst estimated Golden Pass LNG’s in-service date could be set back six months and that the export terminal’s owners, Exxon Mobil and Qatar Energy, might try to retain workers formerly employed by Zachry Engineering.
Producers Trim 2024 Hedges Amid Bullish Oil Prices, M&A
2024-06-14 - Meanwhile, gas-weighted players are benefitting from solid hedge books planned ahead of price uncertainty.
TotalEnergies to Invest $400MM in LPG
2024-05-14 - TotalEnergies is investing more than $400 million into LPG to provide more than 100 million people in Africa and Asia access to clean cooking methods by 2030.