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Orchid may have 40 million barrels says partner
Posted 03.05.2012 10:30:58 av John Bradbury
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One of the partners in the UK Orchid exploration well has suggested that it could contain up to 40 million barrels of oil.

Confirming the results of the UK North Sea Orchid prospect exploration well, Trapoil has gone on to suggest from its own interpretation of the well results that the hole has made a hydrocarbon find which could be up to 40 million barrels.

“The shallow secondary objective Andrew sandstones were not well developed over the top of the structure, but the deeper primary target Chalk zone had over 280 feet (85.3 metres) of good oil shows,” Trapoil declared in its own statement on the outcome of the block 29/1c well today.

And it goes on: “100 ft [33 metres]into the reservoir an influx into the wellbore of a small amount of fluid was encountered, which was safely controlled, and reported on the rig site to be oil. MWD [measurement while drilling] logs completed over the Chalk interval confirm at least 50 ft (15.24 m) of net oil pay with average porosities of 30 per cent, and an average oil saturation of 47 per cent,” Trap Oil says.

While a second wellbore might be needed to fully evaluate the Orchid prospect, Trap Oil says the well has nevertheless made a potentially commercial find: “Analysis of the well data by Trap Oil suggests that the Orchid well has penetrated 64ft [19.5 metres] of gross oil pay above a 235 ft [71.6  m] transition zone,” the company says.

And: “Trapoil estimates that based on the current available data there are in place unaudited volumes of approximately 40 mmbbls which should potentially provide a commercial reserve.”

Summit Petroleum operated the Orchid well with 45% and Trapoil has 15% equity in the well.
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