…discovery flows 11,000 barrels per day of light oil
Rhino Resources has revealed test results from its Capricornus-1X discovery well offshore Namibia, with the probe flowing at least 11,000 barrels per day of light oil, with limited associated gas, from a Lower Cretaceous pay zone.
It was reported last week that the probe in Petroleum Exploration Licence (PEL) 85 had hit hydrocarbons, but details about exactly what was found were scant at that time.
On Thursday afternoon, however, privately-owned Rhino said in addition to wireline acquisition, a production test had been completed across a 38-metre net oil-bearing reservoir.
Petroleum Exploration License 85, where the well was drilled, is operated by Rhino Resources with a working interest of 42.5%. Co-venturers are Azule Energy (42.5%), NAMCOR (10%), and Korres Investments (5%) – bp and Eni each hold a 50% interest in Azule Energy.
“The Capricornus 1-X well, spudded on 17 February using the Noble Venturer drillship, reached total depth of 4,957mTVDSS on 2 April, successfully penetrating the Lower Cretaceous target. The well found 38m of net pay, with the reservoir showing good petrophysical properties and no observed water contact. Hydrocarbon samples and sidewall cores were collected through intensive wireline logging operations.
“In addition to wireline acquisition, the well successfully completed a production test across the light oil-bearing reservoir. The well achieved a surface-constrained flow rate in excess of 11,000 stb/d on a 40/64” choke. The light ~37° API oil exhibited limited associated gas with less than 2% CO2 and no hydrogen sulphide. Laboratory studies will be conducted on fluid samples collected during the test,” the company said.