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Nido plugs and abandons Baragatan-1A well offshore Philippines

07th July 2014

Nido Petroleum has said that the Baragatan-1A well on the 6 July 2014 had reached a depth of 2,681 metres without finding significant hydrocarbons and will be subsequently plugged and abandoned

Nido plugs and abandons Baragatan-1A well offshore Philippines
The forward operation is to plug and abandon the Baragatan-1A well

“Naturally I am disappointed to have to report that the Baragatan-1A well has not discovered commercial hydrocarbons,” said Phil Byrne, NIdo’s managing director. “The well has, however, provided the SC 63 Joint Venture with valuable new technical information which now requires integration into current subsurface models from which the forward exploration strategy for the block will be determined. The company’s successful strategy of farming out equity in wildcat exploration wells has preserved cash flow for further exploration activity in the south east Asian region going forward”

The forward operation is to plug and abandon the Baragatan-1A well.

The primary Pagasa Formation reservoir objective was encountered between 2,534 – 2,654 metres, comprising primarily of limestones of poor to good reservoir quality with minor sandstones and siltstones.

Preliminary logging whilst drilling (LWD) log data recorded through this interval indicates the reservoir units to contain low gas saturations (C1 to C5) which did not warrant further evaluation or testing.

With respect to the two zones of potential interest encountered in the shallower Pagasa Formation, preliminary evaluation of available LWD data indicates the thin sandstones encountered within the gross interval 1,977 - 2,004 megtres are potentially gas-bearing and the limestone encountered over the gross interval 2,207 – 2,236 metres contains low gas saturations.

Both these intervals did not warrant further evaluation or testing.  

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