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Verenex Energy Provides Libya Drilling and Well Testing Update

Source: www.gulfoilandgas.com 1/16/2007, Location: Africa

Verenex Energy Inc. announced that its second exploration well in Libya, B1-47/02 in Area 47, has commenced drilling. The well is expected to be drilled to a depth of approximately 11,400 feet and qualifies as the second of three minimum commitment wells under the Exploration and Production Sharing Contract for Area 47. Estimated time to drill and log the well is approximately 85 days.

The Company has also commenced completion and production testing operations at its first exploration well in Libya, A1-47/02. Estimated time to complete the testing program is up to 70 days. The Company intends to release results at the conclusion of testing.

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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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