Niko Resources has spudded a well at the Stalin prospect off Trinidad, the Canadian independent’s first offshore probe off the Caribbean island.
The well, which is being drilled by the jack-up rig Rowan Gorilla III in 100 feet of water, is the first of three wells Niko has planned for Block 2ab.
The block is located off Trinidad & Tobago’s eastern continental shelf.
The Stalin-1 well, named after the popular calypso great Black Stalin, will be drilled to a total depth of 8800 feet.
It is targeting the Oligocene-age Angostura sands, which are producing in the Angostura field about 23 miles east of the Stalin prospect, Niko said in a statement on Thursday.
The well will test a large anticlinal feature made up of multiple thrust sheets, Niko added.
Niko operates the block with a 35.75% working interest. Its partners include Petrotrin with a 35% stake and Centrica on 29.25%.
The company estimates that Stalin holds has between 600 million and 800 million gross unrisked barrels of oil equivalent in-place.
(Source http://www.upstreamonline.com/live/article290121.ece)
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