Thema: Lukoil
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Alt 13-07-2005, 20:28   #70
Goldfisch
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13/07/2005
17:20 LUKOIL Overseas started drilling of Condor Block in Colombia.

Today deep exploration drilling started under the Condor project (Medina structure), implemented by LUKOIL Overseas (70%) and Ecopetrol National oil company (30%).

The contract on Condor bock has been signed on April 07, 2002 between LUKOIL Overseas and Colombian National oil company (Ecopetrol). The contract includes exploration activities at the block within 6 years and in case of a commercial discovery, development of the field for 22 years.

Block area - 3089 square km. Project share of LUKOIL Overseas - 70%, Ecopetrol - 30%. Project operator - LUKOIL Overseas Colombia Ltd. The operations office is located in Bogota - the capital of Colombia.

Condor is located in the foothill of Eastern Cordillera in the western part of Llanos oil basin and is one of the largest exploration blocks in Colombia. Previously, 2D seismic survey has been performed at the block area (LUKOIL Overseas has reprocessed 2300 m of seismic lines and reinterpreted the obtained data) and 4 wells have been drilled.

Condor-1 well is located in the dome of Medina structure. Recoverable hydrocarbon reserves of Ñ3 category: oil - 3,4 mmt, gas condensate - 10 mmt, free gas - 78,5 bscm. Design depth of the vertical well is 5050 m, the point of drilling is located at 1128 m above sea level.

In summer 2004 the environmental impact assessment has been completed jointly with Auditorio Ambiental, a Colombian company, after which the Ministry of Natural Resources of Colombia has granted LUKOIL Overseas with a well drilling license.

The drilling rig contract was signed with Nabors International, an American company, based on tender results. A powerful Nabors-20 rig of 43 m height will be used for drilling. It will take approximately 10 months.

Among the drilling contractors are the local companies of Estudios Geotechnicos, Occipetrol and world-name service concerns such as Weatherford, Baker Hughes, Swaco, Halliburton, Smith, Cudd, Schlumberger.


"AK&M", 13/07/2005 11:40
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