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Gulfsands Completes Drilling Operations on Souedieh North Well

Source: www.gulfoilandgas.com 6/2/2006, Location: Middle East

Gulfsands Petroleum PLC has concluded initial drilling operations and has suspended the Souedieh North well in Block 26, Syria pending further analysis of the well data. As reported previously, the well encountered a series of live oil and gas shows in both the primary and the secondary reservoir objectives while drilling.

Wireline electric logs were run within both the primary and secondary objectives, Tertiary and Cretaceous reservoirs, which indicated oil-bearing pay zones within both objectives. However, wireline fluid tests of these intervals did not recover moveable oil. Preliminary analysis shows that the oil is low API gravity/high viscosity in the Tertiary reservoirs, and that the lower porosity and permeability Cretaceous reservoirs at this location may produce oil after mechanical or chemical stimulation. Gulfsands is the operator and 50% working interest owner in Block 26.

Independent log analysis of the electric wireline logs in both the Tertiary and Cretaceous reservoir sections of the well indicated some 80 feet of potential net oil pay. Although live oil was collected in the samples during drilling, no oil was recovered during wireline tests of these zones. A full review of the drilling, sample, wireline and sidewall core data is being undertaken, in conjunction with a further review of the seismic data over the area. Due to the apparent oil column seen in this well the Company has decided to suspend the well in order to complete these studies and determine if these reservoirs are candidates for fracture stimulation or a similar stimulation testing program, or whether the well should be deepened. No production testing has been performed on the well but will be considered as part of a future testing program after these further analyses have been completed.

Gulfsands' CEO, John Dorrier, said: "We are disappointed not to recover movable oil in this well after encountering good oil shows while drilling and recording an apparent oil column on the wireline logs. Further work on the information gathered in this well may justify further testing, stimulation or deepening operations in the well, and will certainly be very useful in evaluating the numerous other prospects seen on the block. The geologic and operations data gathered during drilling Souedieh North will certainly help in the drilling of the Tigris-1 well scheduled for August this year."

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Related Categories: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 

Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


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