Offshore staff
CALGARY, Canada – GeoGlobal Resources will terminate its Sara-1 exploration well offshore Israel.
The well, drilled by the semisubmersibleNoble Homer Ferrington, has reached a final TVD subsea of 3,928 m (12,887 ft). Based on cutting samples and logging while drilling, the well intersected about 98 m (321 ft) of good quality reservoir sands in the lower Miocene/upper Oligocene, with good porosity and permeability.
There were indications from the wireline logs that gas has migrated through the system, but the sands are wet with no commercial hydrocarbons present.
Paul B. Miller, president and CEO of GeoGlobal, said: “The result from the well did not meet our expectations, but we believe there are additional prospects in theMyra and Sara licenses and the basin. The company will use the information it has acquired through these drilling operations to further refine the geological model and evaluate the other potential targets in Myra and Sara in conjunction with its partners.
“Having completed the work programs in Myra and Sara, the company is now qualified as a deepwater operator in Israel. We intend to use this qualification to open up new opportunities to us in the basin and abroad.”
10/25/2012
