Northern Petroleum discovers gas in Tiendeveen-1 exploration well
Oct 13, 2009 (Datamonitor via COMTEX) --
Company: Northern Petroleum Plc (NNPTF)
UK-based Northern Petroleum has discovered gas in the Tiendeveen-1 exploration well in the Netherlands. The gas in the Permian Zechstein carbonates which had been identified as a secondary target in the well has been confirmed from wireline logs and drilling data.
The Geesbrug gas field which Northern Petroleum is developing nearby is also gas bearing in the same Zechstein reservoir. Northern Petroleum will review both the Tiendeveen and Geesbrug data to assess the range of possible reserves, development options and synergies.
The intermediate casing will now be run in the hole cemented and pressure tested before the drilling deeper to the primary reservoir targets located in the Permian Rotliegend sandstone and the Carboniferous Dalen and Hardenberg sandstones.
The estimated mean potential gas in place for these reservoirs is 60 billion cubic feet with an upside P10 potential of 98 billion cubic feet. Once drilling has been completed further wireline logging will be undertaken on Tiendeveen to confirm the presence of hydrocarbons in the deeper primary targets.
Partners in the well are Northern Petroleum Nederland, a wholly owned subsidiary of Northern Petroleum, with 45% interest, EBN, the state oil company and Dyas with 40% and 15% respectively.
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Company: Northern Petroleum Plc (NNPTF)
Related terms: exploration, gasoline, oil, petroleum, wireline
