By OGJ editors
HOUSTON, July 24 -- Transeuro Energy Corp., Vancouver, BC, signed a letter of intent under which High Arctic Energy Services would provide a drilling rig and associated hardware to drill three exploration wells in Armenia in February 2007.
The first well, on the Kamir prospect, is to go to 2,500 m to test the Lower Sand Clay (LSC) and Lower Multicolored Suite (LMS). The formations showed hydrocarbon saturations on wireline logs in previous wells and flowed gas to surface.
The second well will go to 2,500 m to test the Southwest Oktemberian prospect updip of the known gas in the Karmir structure. Southwest Oktemberian is delineated by 7 shallow wells drilled in an 8 sq km area in the 1960s-70s. Both wells will be drilled nderbalanced.
An independent petrophysical review of logs from the shallow wells suggests numerous possible gas reservoirs in the LSC at 320-860 m with more than 40 m of net pay that were never tested, and other untested reservoirs in the LMS, Transeuro said.
After collecting more seismic data, the company plans to survey the Shorakhpur area where oil has been reported and may drill a third well on a known oil prospect or elsewhere in the Oktemberian region (OGJ, Jan. 2, 2006, p. 41).