Espadon-1 Exploration Well ,(PSC B), Progress and Current Status:Since the last report on 24 August 2005 the Espadon-1 well was spudded by ‘Stena Tay’ drill rig on 29 August 2005. The well has a proposed total depth of approximately 3,340 metres. At midnight on 29 August, operations were drilling ahead in the 18.5 inch top hole section, at 2,000 metres.
Well Location:
The Espadon-1 well is located approximately 108 kilometres west of Nouakchott, the Mauritanian capital, and 13 kilometres west of the Tiof Discovery. Water depth is approximately 1,680 metres.
Well Details:
The well is targeting a salt dome with draped Lower Miocene sands in a similar structural setting to the Chinguetti Field. The sands are of approximately the same age as the Chinguetti and Tiof Oil discoveries. If successful the well will prove that oil has migrated a considerable distance to the west of the Tiof area.
Hardman interests in PSC’s A, B and the Chinguetti field are:
Woodside (operator): 53.846% (PSC A), 53.846%(PSC B), 47.384%(Chinguetti Field).
Hardman: 24.3% (PSC A), 21.6% (PSC B), 19.008%(Chinguetti Field).
BG Group: 13.084% (PSC A), 11.63% (PSC B), 10.234%(Chinguetti Field).
Fusion/Premier : 4.615% (PSC A), 9.231% (PSC B), 8.123% (Chinguetti Field).
ROC : 4.155% (PSC A), 3.693% (PSC B), 3.250% (Chinguetti Field).
Groupe Projet Chinguetti : 0% (PSC A), 0% (PSC B), 12.000% (Chinguetti Field).
