Business
Bijeel-1 Discovery Well Updat
Bijeel-1 Discovery Well Updat.
About this update from Gulf Keystone Petroleum Limited
[{"type":"text","content":"\n RNS Number : 7766V Gulf Keystone Petroleum Ltd 08 November 2010 \n \n\nNot for release, publication or distribution in or into the United States or jurisdictions other than the United Kingdom and Bermuda where to do so would constitute a contravention of the relevant laws of such jurisdiction.\n \n \n \n8 November 2010\n \nGulf Keystone Petroleum Ltd. (AIM: GKP)\n(\"Gulf Keystone\" or \"the Company\")\n \nBijeel-1 Discovery Well Update\n \nGulf Keystone notes the announcement made today by MOL Hungarian Oil & Gas Plc regarding the successful end of testing of the Bijeel-1 discovery well, in which Gulf Keystone holds a 20% Working Interest. \n \nHighlights\n \n\n\n\n\n· \n\n\nThe cased hole test, performed at a depth of 3,804 - 3,967 meters in the Jurassic formations, produced 2,700 barrels per day (bbl/d) of 12-13 °API oil through a 40/64 inch choke.\n\n\n\n\n\n\n\n\n\n\n\n\n· \n\n\nPreviously, the Bijeel-1 well produced 3,200 bbl/d of 18 °API oil and 933,000 standard cubic feet per day (scf/d) of gas, (150 barrels of oil equivalent per day (boe/d)), through a 48/64 inch choke from 3,646 - 3,831 meters in the Jurassic formations. \n\n\n\n\n\n\n\n\n\n\n\n\n· \n\n\nA joint cased hole test was also performed for the above two intervals (3,729 - 3,967 meters) with a result of 3,743 bbl/d of 13° API oil and 618,826 scf/d (99 boe/d) gas through a 48/64 inch choke. \n\n\n\n\n\n\n\n\n\n\n\n\n· \n\n\nFollowing the successful result, Kalegran Ltd, MOL's fully owned subsidiary, has notified the Ministry of Natural Resources of the Kurdistan Regional Government of Iraq confirming the presumed existence of the discovery. \n\n\n\n\n\n\n\n\n\n\n\n\n· \n\n\nThe planning of the formation's appraisal programme is now underway.\n\n\n\n\n\n\n\n\n\n\n\n\n· \n\n\nThe results support Gulf keystone's belief that the Bijeel-1 well is the possible southern flank of the potentially significant Bekhme structure.\n\n\n\n\n\n\n\n\n\n\n\n\n· \n\n\nOngoing exploration of the Akri-Bijeel block, including the Bekhme structure, will continue in due course.\n\n\n\n\n\n\n\n\n\n\n\n\n· ...