Successful drill14 Jan 2019 14:40
Oil search are actually drilling 2 appraisal wells - taken from their own website -
The 2018/2019 two-well, two-rig appraisal drilling programme commenced in November with the start of ice
road construction. The weather conditions on the North Slope have been favourable and, as a result, the ice
road preparation is currently slightly ahead of schedule. The Pikka B well is expected to commence drilling in
early January 2019 and Pikka C in mid-late January, with the rigs scheduled to be demobilised in April 2019,
at the end of the Alaskan exploration drilling season.
The objective of the wells, both of which will comprise a vertical hole and a sidetrack, allowing four reservoir
penetrations, is to confirm the presence, thickness and quality of the Nanushuk reservoir at the Pikka B and C
locations. In addition, testing will confirm well deliverability, which will feed into the selection of the well design
that will be used in the Pikka development. Oil Search expects that, if successful, the wells could result in the
movement of approximately 250 million barrels of oil resources from the 3C to 2C category, increasing total
Nanushuk and satellite fields 2C resources from 500 million barrels to approximately 750 million barrels.
Rmp are targeting the same formation and on more success at Oil search, it will have a very positive on our share price.