15 May 2007 - 12:34
  • News Code: 104707

Talisman Energy Inc. subsidiary FEX LP has completed a three-well drilling program in the northwest planning area of the National Petroleum Reserve-Alaska.

The well sites, about 60 miles southeast of Barrow, were drilled using Doyon-Akita Arctic Wolf and Nabors Industries Ltd. 14E drilling rigs.


All three wells—Aklaqyaaq-1, Amaguq-2, and Aklaq-6—encountered hydrocarbon-bearing sandstones in several formations based on log analysis and strong gas and oil shows, including oil staining and free oil in the drilling mud in one of the wells.


One well was plugged and abandoned and the other two were suspended.


The abandoned well is believed to be "subcommercial given current infrastructure," Talisman said, adding that recently acquired high-fold seismic will assist in analyzing this well.


The two suspended wells encountered more than 225 ft of net hydrocarbon-bearing sandstones. Plans are to evaluate these wells during the next drilling season when longer-term test equipment is mobilized to the field area.


The initial estimate of contingent resources present in these formations is 300-400 million bbl net to Talisman. Additionally, there is significant follow up potential on many similar structures on Talisman"s acreage if commercial productivity is proved, the company said.



News Code 104707

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