Harvest Natural Resources, a Texas-based independent energy company, has declared that the Al Ghubar North-1 (AGN-1) exploration well located onshore Oman has been drilled to 10,482 ft of total depth (TD).
Analysis of the wireline logs and mudlog has shown that the hydrocarbon saturations are not present in the Haima targets located in the Amin, Barik and Miqrat reservoirs. Residual hydrocarbons and showings of gas have shown the charging of the structure and failure to hide efficiency. The company will plug and abandon the well by gas shows.
The near-surface dolomites and limestones of Permian Khuff formation contain hydrocarbon saturations and gas shows. Post-well assessment will focus to determine the capacity of non-associated gas reserves in the clastic Gharif and Permian Khuff reservoirs.
Harvest drilled the AGN-1 well before the planned time. The well reached the total depth before 22 days of the estimated drilling time. It is expected that the dry hole cost will be $2.4 million, which is below the earlier estimation. A majority of the DHC is expected to cost $6.0 million during Q1 of 2012.
The company has 80% interest in Block 64 onshore Oman. The area of Block 64 covers 3,874 sq. km. This Block 64 was mined from PDO's Block 6 (a pre-existing block) in order to speed up the exploration for gas condensate and gas by the Omani Ministry of Oil and Gas.
Source: http://www.harvestnr.com/