Otto Energy CEO Matthew Allen now believes there is potential to significantly improve the “already large gas and condensate accumulation” in the Lightning Field onshore Texas in Matagorda County.
The latest in rotary steerable systems, drillbits, expandable liners, LWD and unconventional logging tools is cutting costs and providing valuable downhole data to operators.
The new recoverable resource estimate, which jumped by 2 Bboe, excludes the Uaru discovery.
Referring to wireline logs and pressure and fluid sample data, the company said the well intersected 60 m (197 ft) of net hydrocarbon pay while targeting the primary objective.
Talos Energy said Jan. 7 Netherland, Sewell & Associates Inc. put the best estimate of 2C gross recoverable reserves at about 670 million barrels of oil equivalent.
The oil and gas major said the three appraisal wells drilled this year, GTA-1, Yakaar-2 and Orca-1, encountered 160 m (525 ft) of net pay.
Along with technical sessions, conference panels and networking events, new technologies will be one of the major highlights of the show.
Karish North also holds some light oil, which brings the field up to 190 million barrels of oil equivalent.
Technology is applied to injector reactivation to assess flexibility in new workflows for reservoir management.
Drilled to a total depth of 10,260 ft, the Etame 9P appraisal well encountered both Gamba and Dentale oil sands, the company said in a news release.