How did they Estimate 250 Million Barrels?This is probable a very stupid question. But I have no idea anything about drilling, although I have read lot's, if I don't see it, it's difficult to comprehend. So,how do u calculate this 250 Million barrels? Is this a day or Month?
I re-read the news release, and is there any possibilty that the 3200 Barrels x the 6 dst tests?Or the 6 zones has this much oil? Or the total of all 6 zones and 6 dst tests?
Reason I'm asking is they found 200m over 1100m I believe so if we drilled below 5000m and side tracked,Is that 200 meters of oil up to 1100M multiplid by 6 zones? Maybe someone else can calculate it. tia.
The testing program at the Ngamia-1 oil discovery on Block 10BB in Kenya has now been successfully completed. The cumulative flow rate from six Drill Stem Tests (“DST’s”) was over 3200 barrels of oil per day (“BOPD”) constrained by completion techniques and surface equipment. With optimized completion techniques and surface equipment it is estimated that these combined flow rates would increase to a rate of 5400 BOPD. Five of the DSTs were completed over the Auwerwer sandstones to verify reservoir quality and fluid content which appear to be of similar quality to those tested at the Twiga South-1 well in the same basin. High quality waxy sweet crude (25-35 degrees API) was flowed from all five zones in the Auwerwer formation with good quality reservoir sands encountered. All zones produced dry oil with no water produced and no pressure depletion. One DST was completed on the Lower Lokhone with successful results as previously announced on April 15, 2013.
In addition to proving the good quality reservoir, as a result of testing several previously indeterminate zones in the well, the joint venture has been able to double the firm net oil pay estimate in the Ngamia well to over 200 meters over a gross oil column of over 1,100 meters and has increased the net pay at Twiga to over 75 meters. The Operator, Tullow Oil, has reported that they believe the Ngamia and Twiga fields contain over 250 million barrels of recoverable oil. Appraisal work, including the acquisition of 3D seismic and the drilling of appraisal wells on both discoveries, will be undertaken over the next year to confirm these estimates. A mid-year revision to the Company’s third party resource report is ongoing and is expected to be issued in the third