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Jubilant Energy NV Announces Spudding of the Third Well of Phase-III-Extension Development Drilling Campaign in Oil Producing Kharsang Field

Monday, 22 Apr 2013 02:40am EDT 

Jubilant Energy NV announced that KPL-3E-6, the third well of the six wells Phase-III-Extension development drilling campaign in the oil producing Kharsang Field, Arunachal Pradesh, was spud on 20 April 2013. KPL-3E-6 is located in the central part of the field and is planned to exploit the untapped hydrocarbons in the infill area between wells KSG#11 and KSG#25, with the H-00 layer as the primary objective and the G-00 and I-00 layers as secondary objectives. The well is planned to be deviated by approximately 140 metres towards the southeast from the existing drilling pad of KSG#11 and will be drilled to a target depth of approximately 1,021 metres Measured Depth ("MD") and 1,000 metres True Vertical Depth ("TVD"). The well is expected to take approximately three weeks to drill. The second development well of the current campaign, KSG#66 (previously referred to as KPL-3E-4), which was spudded on March 23, 2013, was successfully drilled to a revised target depth of 1,128 meters MD and 1,047 metres TVD on April 8, 2013. Based on the results of wire-line log interpretation, drill cuttings and formation pressure data from the Reservoir Dynamic Tester, twelve potentially hydrocarbon bearing sands have been encountered in the well with a total net pay of 50.31 metres, out of which seven appear to be oil bearing with a total net pay of 30.33 metres. The company will be testing the sands and expects to put the deepest oil-bearing sand on production within two weeks. 

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