hi homer, sandy and other oilers, what is your take on this announcement? doesn't mean a whole lot to me to be honest
KOYUNLU-1 WELL REPORT 12 DECEMBER 2006
Since our last report on the 4 December 2006 tubulars and other equipment arrived on site and swabbing operations commenced to test the 37 metre interval of fractured Garzan Formation carbonates between 1,215 metres and 1,252 metres. As reported previously, continuous oil shows were obtained during the drilling of this section, together with elevated total gas between 1,223 metres and 1,252 metres.
The Operator reported that at midnight Eastern European Time on 11 December 2006, the well-head and associated equipment was being re-configured in preparation for resumption of swabbing operations.
Test Procedure
In this region it has been found that the most effective procedure for testing fractured carbonate formations is to swab drilling fluid from the well to attempt to induce the formation to flow any oil which may be present. Swabbing operations generally continue for several days.
If swabbing shows that oil is present, even in small quantities, and no formation water is recovered, the next stage is to acidise the formation to clean out debris which may be inhibiting oil flow into the well bore. There are usually multiple “acid jobs”, each followed by swabbing to attempt to induce flow from the reservoir into the well bore.
If swabbing and acidisation results in a commercial oil flow, a down-hole pump is installed and the well is placed on extended test production to monitor reservoir performance.
To report time on the 11 December, swabbing has recovered drilling fluid with minor oil cut and about one barrel of black crude oil. No formation water appears to have been recovered. Swabbing is planned to resume within the next 24 hours followed by an acidisation program.
KOYUNLU-1 WELL REPORT 12 DECEMBER 2006
Since our last report on the 4 December 2006 tubulars and other equipment arrived on site and swabbing operations commenced to test the 37 metre interval of fractured Garzan Formation carbonates between 1,215 metres and 1,252 metres. As reported previously, continuous oil shows were obtained during the drilling of this section, together with elevated total gas between 1,223 metres and 1,252 metres.
The Operator reported that at midnight Eastern European Time on 11 December 2006, the well-head and associated equipment was being re-configured in preparation for resumption of swabbing operations.
Test Procedure
In this region it has been found that the most effective procedure for testing fractured carbonate formations is to swab drilling fluid from the well to attempt to induce the formation to flow any oil which may be present. Swabbing operations generally continue for several days.
If swabbing shows that oil is present, even in small quantities, and no formation water is recovered, the next stage is to acidise the formation to clean out debris which may be inhibiting oil flow into the well bore. There are usually multiple “acid jobs”, each followed by swabbing to attempt to induce flow from the reservoir into the well bore.
If swabbing and acidisation results in a commercial oil flow, a down-hole pump is installed and the well is placed on extended test production to monitor reservoir performance.
To report time on the 11 December, swabbing has recovered drilling fluid with minor oil cut and about one barrel of black crude oil. No formation water appears to have been recovered. Swabbing is planned to resume within the next 24 hours followed by an acidisation program.
perhaps they share the same thinking: High Risks, High Returns + patience.
