Dana completes Akhenaton-1 well offshore Egypt

Dana Petroleum has completed drilling the Akhenaton-1 exploration well in the South October concession, offshore Gulf of Suez, Egypt.

Offshore staff

ABERDEEN, UK -- Dana Petroleum has completed drilling the Akhenaton-1 exploration well in the South October concession, offshore Gulf of Suez, Egypt.

The rigIO3 drilled the well to a total depth of 13,322 ft (4,061 m) below sea-level, penetrating both the primary and secondary targets. The top of the secondary Thebes target was encountered at 11,704 ft (3,567 m) below sea level and the primary Nubia target was encountered at 13,087 ft (3,989 m). A full suite of electrical wireline logs has been acquired, including the use of a formation imaging tool, the company says.

Although the Nubia was water bearing, oil was encountered in the shallower Thebes and Sudr formations with high oil saturations seen over an extensive vertical interval of 893 ft (272 m). The Thebes and Sudr formations are low porosity fractured limestones and an imaging tool was used to gather information on the extent of fracturing. The company will now conduct a thorough interpretation of the acquired data before making an assessment of the discovery's commercial viability.

The well has been suspended for potential re-entry at a later date.

Following the completion of operations on Akhenaton-1, the rigIO3 will move to the South-East July concession in the Gulf of Suez where Dana will operate the drilling of the South July-1 well.

12/18/2008

More in Drilling & Completion