By OGJ editors
LONDON, Dec. 12 -- A unit of Ascent Resources PLC, London, plans further drilling around a new-pool discovery in Peneszlek natural gas field in northeastern Hungary after a second well found only water.
The discovery well, Pen-104, flowed dry gas at a restricted rate of 3.4 MMscfd from previously untested Pannonian clastics at 1,064-68 m with flowing pressure of 91 barg. An earlier test of a Miocene Tuff interval at 1,262-85 m recovered water and gas in the tubing.
Ascent, which owns 90% of majority interest holder PetroHungaria KFT, said PEN-104 was the first well drilled in the area in 20 years. Partners in the drilling are DualEx of Canada and Petro Pequnia of Sweden.
The second well, Fehergyarmat (FGY) 2, reached TD of 1,100 m in Lower Pannonian clastics in a northern section of the Nyirseg exploration permits covering 2,483 sq km. Testing of 54 m of net pay at 607-671 m indicated high-quality reservoir with water but no gas.
DualEx and Petro Pequnia have exercised their option to continue drilling with two contingent exploration wells under a farm-in agreement. DualEx is paying 75% of drilling costs of the wells to earn a 37.5% working interest in the permit. Petro Pequnia is paying 4% to earn 2%.
The first option well, Pen-102, will appraise a 1983 gas discovery that wasn't put on production. It will be 4.4 km east of the Pen-104 discovery.
The second option well, Vam-1, will test a prospect in the Vamospercs area 18 km southwest of Peneszlek field, which no longer produces. Drilling might resume in March.
The companies are seeking permits for drilling the FGY-1 well near the FGY-2 location targeting the same Pannonian section.
