Camac Energy exploration and production senior vice-president, Segun Omidele, said, 'This is an excellent result from the vertical section of Oyo-8, as it positively established oil presence in new reservoirs in the Eastern fault block
The uppermost part of the sequence in the western fault block
contains two distinctive units.
This is a test of the adjacent fault block
to the NS 394 oil discovery, with the well to be directionally drilled from the eventual location of the NS 394 development facility.
The Bianchi structure is situated in water depths of 240 metres on a separate down dip fault block
located approximately 6km to the north-east of the Zola-1 gas discovery.
"Discovered gross resources, combined with the de-risked resources in an adjacent fault block
on the license, are estimated to range between 1.6 and 2 trillion cubic feet with a gross mean of 1.8 tcf," a statement by the firm said.
But for different fault block
fields, the proportional coefficient is generally different.
BP said the Savonette 4 appraisal well was drilled into an untested fault block
east of the original Savonette field discovery well, in water depths of almost 300 feet in the Columbus basin approximately 80 kms off the south east coast of Trinidad.
Nigeria stuck more oil when Afren found net oil pay in the Ebok North Fault block
, offshore southeast Nigeria.
This defined the geometry of a large tilted fault block
. Detailed geophysical and geological studies in 1999 were followed by a geological model and reservoir simulation.
"This is a new prospect discovery in a separate structural culmination developed in a fault block
North of the Kovilkallappal field in Thanjavur district," it said.
When block 1 signals a fault block
2 and 3 are applied to verify that a short circuit fault and not a power swing is the reason for YES signal out from block 1.
The discovery well, NR-2, is located on a separate fault block
north of IPR's first oil discovery, NR-1A ST1, which produced approx.