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Transmeridian spuds Kazakh South Alibek producer

(10/9/2002 - OGI: Cairo) Transmeridian Exploration revealed today that it has starting drilling its first field development well SA-1 in Kazakhstan`s nearshore South Alibek Field. The well is planned for a total depth of approximately 13,450 ft (4,100 meters) to test the productive zones of the carboniferous KT-1 and KT-2 reservoir intervals and anticipates encountering as much as 650 ft of oil pay over the combined intervals. It should take 60-75 days to complete the drilling process and start long-term testing, with expectations to initially produce 2,500 b/d of oil from the main target zone, prior to artificial lift. The oil is a high quality 39ยบ API sour crude. "This is a major milestone in placing the field on production," commented Transmeridian`s President and CEO Lorrie Olivier.
The company has a 16-well program filed with the government and expects to continue drilling operations with its Rig 232 for at least the next two years. The rig is a western-built 2000 hp National 1320 UE diesel electric drive unit, complete with fluid systems, drilling tools, support equipment, and spares. Transmeridian has plans to add a completion rig and a second drilling rig in the second quarter of 2003 thereby increasing the rate of new wells being added to the field development program.
The company intends to initially truck and ultimately pipe field production 60 km to its rail terminal at Emba for export of its crude oil.
Additionally, the company plans to build a 16-km pipeline to connect to the Kenkiyak-Atyrau pipeline for access to the export pipeline infrastructure. The Kenkiyak-Atyrau pipeline, being built by the government oil company KazMunaiGas will have an estimated capacity of about 300,000 b/d and is expected to be completed by the end 2003.
South Alibek is located in the northeastern portion of the Caspian Sea in approximately 300 km northeast of the Tengiz Field.



 
aus der Diskussion: Transmeridian Exploration - Kürzel : TMXN
Autor (Datum des Eintrages): JosedelaVega  (21.12.02 10:39:52)
Beitrag: 16 von 3,850 (ID:8154144)
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