Trinidad and Tobago

Parex Resources Inc., Calgary, said the first of three exploratory wells planned in 2010 in Trinidad reached 8,701 ft measured depth and penetrated the primary and secondary objectives in the Miocene Herrera formation.

By OGJ editors
HOUSTON, June 15
– Parex Resources Inc., Calgary, said the first of three exploratory wells planned in 2010 in Trinidad reached 8,701 ft measured depth and penetrated the primary and secondary objectives in the Miocene Herrera formation.

Firecrown-1 is on a stratigraphic trap on the Moruga block in south-central Trinidad more than 2 miles southwest of Carapal Ridge gas-condensate field that produces from Herrera. It encountered potential hydrocarbon-bearing sandstones with oil and gas shows and is being cased.

Reservoir quality is uncertain, and the partners and the regulator are in discussions about the well, initially projected to 10,500 ft, potentially being deemed an earning well at present depth and timing of the test program.

The next well, Snowcrown-1, is on a structural trap about 8 miles west-southwest of Firecrown-1. The Moruga block has three more stratigraphic prospect and one other structural prospect.

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