An ultra- deepwater wildcat in the Laâyoune Basin offshore north-west Africa’s Western Sahara has hit non-commercial quantities of hydrocarbons.
Operator Kosmos Energy confirmed the frontier CB-1 exploration well in the Cap Boujdour permit area did hit hydrocarbons, penetrating approximately 14 m (46 ft) of net gas and condensate pay in clastic reservoirs over a gross hydrocarbon-bearing interval of approximately 500 m (1,640 ft).
The well, which targeted a prospect called Al Khayr, is now being plugged and abandoned by the Atwood Achiever drillship, said Kosmos. The probe was drilled 170 km offshore in 2,135 m (7,005 ft) of water to a total well depth of 5,700 m (18,702 ft).
Andrew G. Inglis, chairman and chief executive officer, said that while it was not a commercial find, the well had “significantly derisked further exploration by demonstrating a working petroleum system, including the presence of a hydrocarbon charge, as well as effective trap and seal”.
The Cap Boujdour block covers 22,000 sq km, over which additional 3-D seismic data was also recently acquired. A second potential well is expected to be drilled possibly later this year. In the meantime the Atwood Achiever drillship will now proceed to Mauritania to test the deepwater Tortue prospect.
Drillers cut nine oil rigs in the week to March 22, bringing the total count down to 824, the lowest since April 2018, Baker Hughes, a GE company (NYSE: BHGE), said in its weekly report.
The independent U.S. energy producer aims to take a final investment decision on the $20 billion project in the coming months, having signed up long-term buyers for its LNG.
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