Estimate: 12.91 Tcf Prospective Resources At Mtsare Khevi, Taribani Fields

Drilling Activity Details

Locations

Romania

Post Date
Well Name
n/a
Geo Coordinate

Drilling Activity Summary

Description

An estimate by Netherland, Sewell & Associates for Frontera Resources Corp. indicates prospective resources at its Mtsare Khevi and Taribani gas fields onshore Georgia Republic of 12.91 Tcf, of which 9.38 Tcf is thought recoverable. The company reported that confirmed prospective resources at its Mtsare Khevi Gas Complex at as much as 8.29 Tcf of gas-in-place, with as much as 6.15 Tcf of recoverable prospective resources. According to the Houston-based Frontera, this was the first independent assessment to be conducted against its ongoing work at this asset. The Mtstare Khevi Gas Complex is an area of approximately 140 sq km and encompasses gas reservoir targets found between 300 and 5,000 m in depth. Continuous drilling and workover operations and gas production operations have been ongoing at the complex. A 2014 completion at #34 was tested and completed in late 2014 and was put on production flowing 1.250 Mcf/d. The well is producing from approximately 100 m of gross objective intervals from depths between 220 and 320 m. Frontera plans to drill eight new wells and add gas production from extensive unperforated/behind-pipe, gas-bearing intervals that have been identified throughout an existing well inventory of 18 wells. Engineering design work has been completed to increase capacity of the existing gas gathering/processing facilities and associated 14-km transportation system that will accommodate approximately 2 MMcf/d. The company is in the process of increasing system capacity to approximately 7 MMcf/d. Netherland, Sewell & Associates also confirmed prospective resources at Taribani Field of as much as 4.62 Tcf of gas-in-place associated with deep gas-bearing sands, with as much as 3.23 Tcf of recoverable prospective resources from horizons situated between 3,400 and 5,400 m. This was also the first independent assessment of the field's deep gas horizons to be conducted for Frontera. The Taribani Field's oil potential consists of 788 MMbbl of original oil in place at depths between 2,000 m and 3,300 m. The broader Taribani Field complex is an area that encompasses approximately 1,400 sq km and includes the discovered but undeveloped Taribani, Kila Kupra, Bayda, and Iori Fields within Block 12. Internal preliminary analysis suggests that there could be as much as 18 Bbbl of oil in place throughout this complex. An eight-well campaign for the remainder of 2015 has been planned with re-entry fracturing/re-completion within Taribani Field. This campaign will target Zones 9, 14, and 15. Frontera is the operator of Block 12 and the Mtsare Khevi and Taribani Fields with 100% interest.