Portugal: Lusitanian basin Jurassic reef well dry

By OGJ editors

Porto Energy Corp., The Woodlands, Tex., plans to spud the second well in a two to four well exploratory program in a Jurassic reef trend the Lusitanian basin of Portugal after plugging its first well.

The SPC-1 well in the Torres Vedras concession went to 2,064 m measured total depth. The well found a reservoir and working petroleum system but appears to have failed due to ineffective seal capacity. Evaluation of drilling and open-hole log data indicates it had oil shows, but the well did not encounter commercial accumulations of hydrocarbons has been plugged and abandoned.

The company is preparing to move the rig to the SPC-2 location to test a second Jurassic reef prospect at 1,950 m. It targets a well-defined four-way closure trap in the reef as delineated by the company’s 120 sq km 3D seismic survey.

Through its subsidiary, Mohave Oil & Gas Corp., Porto has working interests in five concessions in totaling 1,444,152 net acres in the Lusitanian basin (OGJ, Dec. 8, 1997, p. 67).

Related Articles

BLM seeks comments on Noble’s proposed Nevada gas exploration

03/27/2014 The US Bureau of Land Management is seeking comments on Noble Energy Inc.’s proposed natural gas exploration drilling on leases it holds in the Tab...

Kansas-Missouri heavy oil area draws new operator

03/26/2014 Worthington Energy Inc., San Francisco, said it will attempt to recover heavy oil on the Barr Cattle Co. lease near Chetopa in southeastern Kansas.

Myanmar awards exploration blocks

03/26/2014 Myanmar’s energy minister has announced winners for 20 of the 30 offshore blocks that have been available since its auction launch in April 2013.

Financial questions seen for US shale gas, tight-oil plays

03/25/2014 Financial problems of operators in US shale gas and tight oil plays might hold production growth below current expectations, according to the autho...

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