By OGJ editors
HOUSTON, Oct. 12 -- ChevronTexaco Latin America Upstream Monday said its offshore Plataforma Deltana Loran 2X exploration well on Block 2 off Venezuela has encountered a significant amount of natural gas.
Block 2 is on a fault block adjacent Petroleos de Venezuela SA's Loran 1X discovery well.
Loran 2X encountered five gas sand intervals totaling 494 ft of gross thickness. The well flowed on test more than 32 MMcfd of gas from two sand intervals; both tests were equipment-restricted. Drilling of the well began Aug. 11 in 360 ft of water, and it has now reached TD. ChevronTexaco said it would drill two more wells by yearend.
ChevronTexaco (60%) operates Block 2 in partnership with ConocoPhillips (40%).
The Venezuelan Ministry of Energy and Mines recently awarded ChevronTexaco and PDVSA an exploration license for Plataforma Deltana Block 3, which is on trend with Block 2.