Spudded in October 2016, the well flowed at 3,800 bopd. It is expected to reach its targeted depth of 3,500 metres early next month. In addition to exploring the Cretaceous horizon, the well will also appraise a 2012 Jurassic discovery.
Work on the Peshkabir-2 well took a long time to materialise due to the drop in oil prices. It was originally planned for 2015, but this plan was abandoned when payments for DNO’s production and exports were interrupted. The company had also intended to utilise a third rig for Peshkabir-2 but shelved this plan in September 2016.
In its Monday press release, DNO said it was considering a side-track well or possibly a third well to further appraise the Peshkabir discovery. Its proximity to Fish Khabur would allow it to be tied back to infrastructure there, and plans to that end are being drawn up, the company also said.
Photo courtesy of DNO
Spain's Iberdrola plans to triple its offshore wind assets in the coming years, bringing their value to USD 18 billion,… Read More
Saipem has been awarded a USD 850-million contract for subsea works in Angola by local BP-Eni joint venture Azule Energy,… Read More
Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More
This website uses cookies.