Rachel well data suggests oil

Desire Petroleum is claiming a second oil discovery in the offshore North Falkland basin.

Offshore staff

PORT STANLEY, Falkland Islands -- Desire Petroleum is claiming a second oil discovery in the offshore North Falkland basin.

Preliminary data from the re-drilled 14/15-2 Rachel North suggest oil is present. The company has run wireline logs and these, along with the drilling data, indicate that from a sub-surface depth of 2,621-2,970 m (8,599-9,744 ft), the well encountered a 349-m (1,145-ft) gross interval of sands and shales with hydrocarbons, of which 57 m (187 ft) comprised net pay in multiple zones.

The thickest zone is 8 m (26 ft) thick with an average porosity of 20%. Desire adds that other zones are thinly bedded and exhibit lower porosity, but further analysis will be needed from additional wireline logs to establish reservoir potential.

Desire intends to complete the wireline logging and wireline sampling program to derive further data on reservoir quality, hydrocarbon saturations and fluid type.

Chairman Stephen Phipps said: “It is highly encouraging that the initial results from the Rachel North well endorse both our findings and geological model from the previously drilled Rachel sidetrack well. 

“This discovery combined with Rockhopper’s Sea Lion discovery confirms our belief that the eastern flank play fairway in the North Falkland basin is highly prospective and that further oil fields will be discovered in this area”.

Senergy provided subsurface support for the Rachel well.

12/03/2010

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