Gulf Keystone is currently drilling two important wells on its shaikan licence and a brief look at the last ops update on April 30th reveals the following…
SH-5 was cited as being just below 3400m’s with a TD depth of 3750m’s. Based on the last two updates, the drill bit had been progressing at roughly 25m’s per day. Based on 16 days after the April update – this would place the drill bit at around 3800m’s. Hence baring any significant operational delays – the well should be at TD or the company is continuing to drill further down (as seen with SH-6).
On SH-6, the well targeting the key Oil Water Contact (OWC) the drill bit was at 3455m’s as per April update with a new extended TD at 3800m’s. Using a similar timeline, the well should be at 3855m’s and TD or extended further.
Genel are currently drilling GKP’s other licence block Ber Bahr and have revised the TD on a couple of occasions. The most recent update revealed that the well would target a depth of 4200m’s.
It’s possible that GKP could extend the depths of both wells.
An update on both drills might come next week (after this weekend where the KRG and Turkey are holding a JV Erbil Conference.)
Certainly worth keeping a close eye on GKP as the Erbil conference could reveal more information on the KRG’s plans for developing the region and that could involve the mention of more super majors like Exxon announced last year.
It’s worth noting that the deeper the levels the more tricky drilling becomes due to HSE/pressure/gas issues.
Hub
BB-1 reached target depth at 3930m and is currently testing – see latest GKP ops update. They did revise to 4200m but stopped short. Possibly similar pressure issues to the Shaikan 1 & 2 drills.
Rgrds
Zb
Thxs zetaboy, Yes – agreed BB-1 TD’d.
I would expect testing to take around 8 weeks but it could be sooner.