By OGJ editors
HOUSTON, Jan. 26 -- A group led by Edison International, Milan, is drilling the Sehqanat Deep-1 wildcat on Munir Block on the Zagros fold belt northwest of Shiraz in Iran.
Sehqanat Deep-1, on a large, well-defined four-way dip closure, is projected to 2,887 m to as many as seven target reservoirs, including primarily Sarvak, Dariyan, Fahliyan, and Surmeh. Unrisked potential recoverable volumes are 1-2 billion bbl.
After rig release, the group will drill the Shakestan prospect with 0.5-1 billion bbl of potential.
The 2,690 sq km Munir block, in Khuzestan Province about 75 miles inland from the northern Persian Gulf, lies east and south of supergiant Gach Saran oil field and several other giant fields.
The two wells drilled on the block in the 1960s drew only from surface geologic information and poor seismic data. Shahrenjan-1, TD 1,948 m, recovered 24° gravity oil emulsion from Asmari.
The Edison group acquired 534 km of 2D seismic data during August 2002-January 2003 and integrated its interpretation with results of field work and a magnetotelluric survey.
Edison won the block in January 2001 under a 4 year buyback contract with National Iranian Oil Co. The work program consists of an exploration period of 4 years plus 1 optional year with seismic acquisition and the drilling of three exploration wells. Minimum gross financial commitment is $40 million in 4 years.
Interests are Edison 40% and Lundin Petroleum AB, Stockholm, and Malaysia's Petronas Carigali 30% each.
