Verenex adds 10th find in Libya's Ghadames

Jan. 13, 2009
Combined maximum flow from the first 10 discoveries and two appraisal wells in Area 47 in Libya's Ghadames basin totaled 99,320 b/d of oil and 92.7 MMcfd of gas, said Verenex Energy Inc., Calgary.

By OGJ editors
HOUSTON, Jan. 13 -- Combined maximum flow from the first 10 discoveries and two appraisal wells in Area 47 in Libya's Ghadames basin totaled 99,320 b/d of oil and 92.7 MMcfd of gas, said Verenex Energy Inc., Calgary.

The tenth discovery, H1-47/02, tested oil and gas from Ordovician Memouniat and Silurian Acacus. Verenex will release results from an 11th discovery, Il-47/02, the first well drilled in the central 3D seismic survey area in northwestern Block 2, after National Oil Corp. reviews them.

The company is preparing to test the K1-47/02 new field wildcat and is drilling the L1-47/02 new field wildcat.

The tenth find, H1-47/02, gauged 1,315 b/d of 42-64° gravity oil and 16.2 MMcfd of gas on 32/64 in. to 48/64-in. chokes. Tested were 73 ft of Memouniat sandstone and two intervals totaling 82 ft of Lower Acacus sandstone. TD is 10,475 ft.

Il-47/02, which went to TD 10,925 ft, extends the Lower Acacus and Memouniat play fairways into northwestern Block 2.

Formation evaluation of Jl-47/02, in southern Block 2, indicated hydrocarbons in Lower Acacus Basal Sand 1 and Upper Shoreface intervals. It is to be tested in late January.

In Basal Sand 1, the results indicated a thick oil column of 66 ft with an underlying water-oil contact that is at a different subsea depth than the contacts found in A1 field and the F1 well, suggesting that the J1 structure may be isolated. Testing may help confirm this interpretation.

Basal Sand 1 contains the majority of the contingent resources in A1 field and in other fields in southern Block 2.

The L1-47/02 new field wildcat that was spud Jan. 2, 2009, is 5 km southeast of the A1-47/02 oil and gas discovery on a prospect identified on 2008 2D seismic.