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

BP Energy Outlook projects energy demand to jump 37% by 2035

02/17/2015 Global demand for energy is expected to rise by 37% from 2013 to 2035, or by an average of 1.4%/year, due in large part to ongoing economic expansi...

Devon reduces capital budget by 20% in 2015

02/17/2015 Devon Energy Corp., Oklahoma City, plans an exploration and production capital budget of $4.1-4.4 billion in 2015, representing a 20% decline compa...

North Dakota December oil production topped 1.2 million b/d

02/17/2015 Preliminary oil and gas production figures for December 2014 show 1.16 million b/d in oil production from the Bakken and Three Forks formations and...

BLM decision clears way for first NPR-A federal oil production

02/16/2015 The US Bureau of Land Management issued a record of decision (ROD) for the proposed Greater Mooses Tooth One project (GMT1), which cleared the way ...

Goliat FPSO departs South Korea for Norway

02/16/2015 The world’s largest cylindrical floating production, storage, and offloading facility has departed the Hyundai Heavy Industry (HHI) Ulsan yard in S...

Alberta's premier seeks more North American energy integration

02/16/2015 Better policy integration and cooperation will be needed for Canada, Mexico, and the US to fully realize the North American energy renaissance's po...

CNOOC cuts capital budget, starts production from Jinzhou 9-3

02/16/2015 CNOOC Ltd. is slashing its capital budget for 2015 by 26-35% to $11.25-12.86 billion compared with last year's budget. Capital expenditures for exp...

Watching Government: New York moves ahead on LNG

02/16/2015 New York, a state more often associated with fiercely resisting unconventional natural gas exploration and production, established a program to reg...

BG's 2015 budget 'significantly lower' than 2014

02/16/2015 BG Group plans capital expenditures on a cash basis of $6-7 billion in 2015, a range it says is "significantly lower than 2014" due to &q...
White Papers

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by

Squeezing the Green: How to Cut Petroleum Downstream Costs and Optimize Processing Efficiencies with Enterprise Project Portfolio Management Solutions

As the downstream petroleum industry grapples with change in every sector and at every level, includin...
Sponsored by

7 Steps to Improve Oil & Gas Asset Decommissioning

Global competition and volatile markets are creating a challenging business climate for project based ...
Sponsored by

The impact of aging infrastructure in process manufacturing industries

Process manufacturing companies in the oil and gas, utilities, chemicals and natural resource industri...
Sponsored by

What is System Level Thermo-Fluid Analysis?

This paper will explain some of the fundamentals of System Level Thermo-Fluid Analysis and demonstrate...
Available Webcasts


The Alternative Fuel Movement: Four Need-to-Know Excise Tax Complexities

When Thu, Jun 4, 2015

Discussion on how to approach, and ultimately embrace, the alternative fuel market by pulling back the veil on excise tax complexities. Taxes may be an aggravating part of daily operations, but their accuracy is crucial in your path towards business success.

register:WEBCAST



On Demand

Prevention, Detection and Mitigation of pipeline leaks in the modern world

Thu, Apr 30, 2015

Preventing, detecting and mitigating leaks or commodity releases from pipelines are a top priority for all pipeline companies. This presentation will look at various aspects related to preventing, detecting and mitigating pipeline commodity releases from a generic and conceptual point of view, while at the same time look at the variety of offerings available from Schneider Electric to meet some of the requirements associated with pipeline integrity management. 

register:WEBCAST


Global LNG: Adjusting to New Realities

Fri, Mar 20, 2015

Oil & Gas Journal’s March 20, 2015, webcast will look at how global LNG trade will be affected over the next 12-24 months by falling crude oil prices and changing patterns and pressures of demand. Will US LNG production play a role in balancing markets? Or will it add to a growing global oversupply of LNG for markets remote from easier natural gas supply? Will new buyers with marginal credit, smaller requirements, or great need for flexibility begin to look attractive to suppliers? How will high-cost, mega-projects in Australia respond to new construction cost trends?

register:WEBCAST


US Midstream at a Crossroads

Fri, Mar 6, 2015

Oil & Gas Journal’s Mar. 6, 2015, webcast will focus on US midstream companies at an inflection point in their development in response to more than 6 years shale oil and gas production growth. Major infrastructure—gas plants, gathering systems, and takeaway pipelines—have been built. Major fractionation hubs have expanded. Given the radically changed pricing environment since mid-2014, where do processors go from here? What is the fate of large projects caught in mid-development? How to producers and processors cooperate to ensure a sustainable and profitable future? This event will serve to set the discussion table for the annual GPA Convention in San Antonio, Apr. 13-16, 2015.

This event is sponsored by Leidos Engineering.

register:WEBCAST


Emerson Micro Motion Videos

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