genel better bet ?16 Jun 2021 13:49
Genel’s high-potential drilling campaign has now begun, with the QD-2 well having spud on 19 April 2021.
This well is set to appraise the crest of a 50 km long structure at Qara Dagh, around 10 km from the location of the QD-1 well, which flowed light oil in 2011, despite being drilled down dip and in a sub-optimal manner in an era predating Genel and Chevron’s much evolved understanding of the subsurface situation and required drilling strategy. Results from the QD-2 well are anticipated in late Q3 2021.
Sarta is producing at a mechanically constrained gross rate of c.8,500 bopd, pending ongoing surface facilities de-bottlenecking. These actions are expected to result in production once again reaching c.10,000 bopd in the near future.
Mobilisation of two drilling rigs at the licence is now underway, ahead of the spudding of the Sarta-5 and Sarta-1D wells next month (JUNE)
The Sarta-5 well is set to test MULTIPLE reservoir intervals up-dip of the Sarta-2 and Sarta-3 producing wells, and results are expected around the end of Q3. A second rig will drill the Sarta-1D well, a sidetrack well from the Sarta-1 well pad, with results expected at a similar time to Sarta-5. Following the construction of a flow line to the early production facility, production is expected from this well around the end of 2021. With the Sarta-6 well set to be drilled immediately after Sarta-5, analysis of pilot production data and the results of the appraisal well programme will provide an enhanced understanding of the greater resource potential of Sarta and inform the optimal development plan to exploit it.
Sign In
Follow the stocks
