Partner PA Resources (PAR) says the I-8 pilot well and subsequent horizontal side track I-8ST both yielded good-quality oil. The well was tested for one month at constrained rates up to about 7,300 b/d. It was suspended for re-use as a future producer. Recoverable volumes appear to be higher than PAR’s previous estimate of 30 MMbbl.
PAR expects operator Noble Energy to submit a development plan during the second half of this year. In the same block, theCarla South discovery appears to be sub-commercial but will be re-evaluated following acquisition of new 3D seismic later this year.
Elsewhere off Equatorial Guinea, Noble plans to drill another production well on theAlen field to lift gas/condensate production by 20-30%.
Offshore Republic of Congo (Brazzaville), PAR has approval to farm out a 60% operating stake to SOCO. The partners plan to drill the Baobab Marin 1 exploration well in late 2014 or 1Q 2015.
Murphy Oil’s abandonment of theAzurite field is around 80% complete. The FDPSO vessel left Congo last week.