DNO completes first well

DNO ASA, the Norwegian oil and gas operator, and Entreprise Tunisienne d'Activités Pétrolière, holder of the Sfax Offshore Exploration Permit in the Republic of Tunisia, announced today the completion of drilling of the Jawhara-3 well on the permit.

Jawhara-3 well was vertically drilled to a total depth of 2815m. The Douleb and Bireno fractured carbonate formations proved to be water bearing in the compartment of the structure targeted by the well. Two other secondary objectives had oil shows. Further analysis of the well's logging and testing results will be performed to re-evaluate the Jawhara field's oil-in-place estimates.

Petrogas E&P Tunisia BV, a wholly-owned subsidiary of Petrogas E&P LLC, acquired a 35% participating (40% paying) interest in the permit from DNO in November 2014. Under the terms of the farm-out agreement, Petrogas will pay a part of DNO's share of the Jawhara-3 well cost in addition to its own paying interest share. Petrogas will also pay its paying interest share of prior expenditures incurred by DNO.

Completion of the farm-out is subject to approval by Tunisian authorities. Once completed, DNO will hold a 52.5% participating (60% paying) interest in the permit. The other partners in the permit are Eurogas International Inc. and Atlas Petroleum Exploration Worldwide Ltd. which together hold a 12.5% carried interest.


Adapted from press release by Joe Green

Published on 06/01/2015


Get your FREE Oilfield Technology magazine »

Get your FREE trial of Hydrocarbon Engineering magazine »

Get your FREE trial of World Pipelines magazine »


 
 

Related articles

Petrogas acquires Chevron export facility

Petrogas has entered into an agreement with Chevron to buy a storage and distribution facility for bulk shipments of propane, butane and iso-butane gas.

DNO output at record levels

DNO international has doubled production, reaching record levels.

North African oil, gas, and the development of the refining industry

This article provides an overview of the North African hydrocarbon industry, assesses its vital regions and considers a future of promise to coincide with the global economic recovery.

Recommend magazines

  Oilfield Technology