Caracal Energy spuds two oil wells in Chad

oilwell chad-eric kounce wcBitanda is expected to spud late Q3 or early Q4 and take 35 to 45 days to drill. (Image source: Eric Kounce/Wikimedia Commons)Canada’s Caracal Energy has announced that it has spud a pair of oil wells onshore Chad, with another planned to be spud later this year

The Krim exploration well and Badila-4 appraisal well were spud in the first and second week of August respectively.

Krim, targeting Cretaceous-age C, D and E sands, is likely to take between 40 and 45 days to drill, the oil exploration and development company said.

The Krim prospect is estimated to hold between 29mn and 64mn barrels of unrisked prospective resources.

The Badila-4 appraisal well, lying in the north-west of the primary Badila field, contains a trio of development wells. The well is set to take between 20 and 25 days to drill. The whole field is estimated to contain total possible reserves of 40mn barrels.

Once Badila-4 has been drilled to total depth, the rig will move onto the Bitanda prospect which has estimated unrisked prospective resources of 277mn to 648mn barrels, Caracal Energy added.

Bitanda well is expected to spud late Q3 or early Q4 and take 35 to 45 days to drill.

 

READ MORE...

Caracal Energy to tap more wells on Chad’s Badila oilfield

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W: www.alaincharles.com

twn Are you sure that you want to switch to desktop version?