12/26/2023 0 Comments Oil search pikkaBoth wells were drilled, logged, cored and flow tested. Well testing, which will feed into the selection of the well design that will be used in the Pikka development, is planned for March and April. US: Oil Search announces successful completion of well tests at the Pikka Unit on Alaska's North Slope Oil Search has announced that the testing of the Nanushuk reservoirs encountered in the Mitquq 1 ST1 and the Stirrup 1 wells on Alaska's North Slope has been completed. The objective of both appraisal wells, which will allow four reservoir penetrations, is to confirm the presence, volume, thickness and quality of the Nanushuk reservoir at the Pikka B and C locations. The leases acquired contain the Nanushuk oil field in the Pikka Unit, one of the largest conventional oil discoveries made in the United States in the last 30 years. The construction of the Pikka C ice road and well pad has been completed and the rig was mobilised to site on 9 January 2019, with the Pikka C well expected to spud in late January. Alaska In early 2018, Oil Search acquired and assumed operatorship over a world-class portfolio of oil leases on the Alaskan North Slope, USA. The forward plan is to acquire an additional 101 metres (330 feet) of core prior to sidetracking the well at the end of January. The Pikka Unit is one of the largest conventional oil discoveries made in the United States in the last 30 years, and the Pikka Phase 1 Project is the most significant development on Alaska's. Early interpretation of the core indicates a hydrocarbon-saturated, high porosity sand. The Oil Search Ltd.-operated joint venture on the North Slope of Alaska is preparing to enter the front-end engineering and design (FEED) stage for its proposed Pikka Phase 1 oil development early. The top Nanushuk reservoir was encountered slightly high to expectations and a core has been successfully acquired over a 37 metre (120 feet) interval. Due to detailed planning, we were able to take advantage of early cold weather and commenced drilling the Pikka B well ahead of schedule. "The early results from the Pikka B well are very encouraging. Repsol remains a 49 working interest owner in the project. Peter Botten, Oil Search's Managing Director said: Oil Search bought into Pikka in the fall of 2017, when it agreed to an 850 million deal with then-operator Armstrong Energy and a silent minority owner to take a 51 stake in the project over two payment tranches. Surface casing was set and coring operations are currently underway. The well commenced drilling on 31 December 2018 (AKST) and reached a depth of 1,201 metres (3,934 feet) on 10 January. has received board approval to enter into the front-end engineering and design (FEED) phase for development of its Nanushuk oil discovery in the Pikka Unit licenses. The Pikka B appraisal well has penetrated the Nanushuk formation and successfully encountered hydrocarbons, in line with pre-drill expectations.
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