Harvest Natural Resources has updated on the exploration drilling program operations at Budong-Budong Block in onshore West Sulawesi of Indonesia and the Qarn Alam Block 64 in onshore Oman.
The company started the drilling operations at the Al Ghubar North–A (AGN-A) exploration well located in the Qarn Alam Block 64 of onshore Oman. This is the second exploration well of a two well campaign by employing the #113 drilling unit of MB Petroleum Services.
The AGN-A exploration well will examine the Al Ghubar North formation that is greatly supported with salt, including stacked reservoir targets in the Amin, Barik and Miqrat reservoirs. The targets are situated 10 mi. towards the eastern part and up dip from the Barik field.
Harvest has calculated the geological success for this well discovery to be 23%. It will drill the AGN-A exploration well to a total depth of around 10,300 ft vertically in order to examine the coincident fault surrounded dip closure at three levels of the reservoir. The AGN-A well’s dry hole cost is $8.1 million.
The company has 80% interest in Block 64 onshore Oman, which is a region of 3,874 sq. km. This block was dug from PDO's Block 6 for speeding up the gas and gas condensate exploration by the Omani Ministry of Oil and Gas.
The KD-1 exploration well was spudded in June, 2011 and drilled onshore Sulawesi. It has attained a depth of 14,437 ft totally. Currently, the well is being logged and appraised.
This is the second well of the two proposed exploration wells in the Budong-Budong Block, onshore West Sulawesi. The company has 64.4% of working interest, which is non-operational, in the Budong-Budong Block PSC.