Appraisal results spur Perla development planning

By OGJ editors
HOUSTON, Apr. 12
-- Eni SPA, Repsol-YPF SA, and Petroleos de Venezuela SA are considering rapid development of the giant Perla gas discovery in the Gulf of Venezuela after better-than-expected results in an appraisal well.

The Cardon IV SA Perla 2 well, drilled in 60 m of water, cut 840 ft of net pay in Oligocene carbonates with reservoir characteristics Eni described as “excellent.”

The results “largely exceeded predrill expectations,” the company said.

Cardon IV SA, a 50-50 combine of Eni and Repsol-YPF, operates the Cardon IV Block during exploration. PDVSA has a 35% back-in right for development, during which Eni and Repsol-YPF will hold 32.5% interests each. The three companies will jointly operate the project during development.

On production tests, the Perla 2 well flowed 1.4 million cu m/day of gas and 1,500 b/d of condensate. Eni said normalized gas production can exceed 70 MMscfd/well with 2,000 b/d of condensate.

The operators recovered 700 ft of bottom-hole cores in the appraisal well.

On the basis of Perla 2 results, Repsol-YPF increased the estimate of field reserves by 30% to 1.6-1.85 billion boe of gas and condensate.

The Spanish company said the combine will drill two more wells this year.

Eni said fast-track development under discussion would target early-phase production of 300 MMscfd, starting by mid-2013.

Eni and Repsol-YPF drilled the discovery well, Perla 1X, last year to 2,147 m TD in 60 m of water, encountering 240 m of net hydrocarbon pay. The well flowed on production tests at equipment-limited rates of 570,000 cu m/day of gas with 620 b/d of condensate (OGJ, Oct. 26, 2009, Newsletter).

Related Articles

Sinopec reveals Fuling field production capacity goals

03/25/2014 Sinopec plans to develop Fuling shale gas field in southwestern China to a production capacity of 10 billion cu m (bcm)/year by 2017, the company s...

IEA: Global oil demand revised upward on stronger data

03/24/2014 Global oil demand in 2013 rose by 1.3 million b/d year-over-year to 91.3 million b/d, according to the latest, near-complete set of demand data for...

Santos brings Peluang gas development on stream

03/24/2014

Santos Ltd., Adelaide, has started natural gas production from its Peluang development offshore the Indonesian island of Java.

Cenovus gets AER approval for Grand Rapids oil sands project

03/21/2014 Cenovus Energy Inc. reported that it has received approval from the Alberta Energy Regulator (AER) for its wholly owned Grand Rapids thermal oil sa...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected