Enegi Oil to spud Garden Hill South sidetrack
Tuesday, August 12, 2008
Enegi Oil, the western Newfoundland focused oil and gas company, has taken delivery of Nabors Rig 45 to drill a horizontal sidetrack at Garden Hill South, a discovered onshore oil field.
TRACS International has estimated that Garden Hiill South contains mean resources of 8.6 mmboe.
In preparation for the arrival of the rig, a pressure test was performed on the existing well, PAP#1-ST#2 which was closed in last year as part of the preparations for the new, horizontal sidetrack. During the pressure test, oil and gas were successfully flowed on various occasions and the well-head pressure returned to its normal level of 15,000 kPa. The rig will re-enter the sidetrack, clean up the bottom 130 metres, which is believed to be blocked, drill farther into the formation, and then log the open hole. This will give the Company a better understanding of the reservoir and may allow it to declare its first, proven reserves.
Once PAP#1-ST#2 has been logged, PAP#1-ST#3, the horizontal sidetrack, will be drilled to a Total Depth of 4,448 metres, equal to a True Vertical Depth of 3,450 metres. The drilling program is expected to take approximately 80 days.
Alan Minty, Chief Executive Officer of Enegi, said:
'With the Garden Hill South site now fully prepared, we are tremendously excited about commencing this drilling program. The Garden Hill South site has been fully prepared. The results of the recent pressure test on PAP#1-ST#2 are very encouraging and a great first development in the overall drilling program. The horizontal sidetrack has always been our primary focus and it is forecast to be on production by the end of the year. The forecast levels of production from this well would make Enegi self-financing and allow us to deliver both our onshore and offshore development programs.'
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