24th Jan 2019 08:00
LONDON (Alliance News) - Premier Oil PLC on Thursday reported successful completion of the first part of the Block 7 Zama appraisal programme, located offshore Mexico, and said that the Zama-2 well encountered 152 metres of net pay as expected.
The Zama-2 appraisal well was drilled 2.1 kilometres to the north of the Zama-1 discovery well and encountered the top Zama reservoir at 3,279 metres true vertical depth.
The well encountered a higher net-to-gross ratio of 73% compared to 63% at the Zama-1 well, while reservoir quality was similar to that at Zama-1 and in line with expectations.
Premier Oil said the Zama appraisal programme is currently progressing ahead of schedule and is under budget. The Zama-2 well will now be side-tracked up-dip and flow tested as planned by Block 7 operator Talos Energy, it added.
"This is an excellent start to the Block 7 Zama appraisal programme in Mexico. It enhances our interpretation of the large Zama discovery and increases our confidence in our resource estimates," said Premier Oil Chief Executive Tony Durrant.
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