Apache exploratory success in the Whittenburg Basin

Apache Corporation reported encouraging results in its exploratory drilling program in the emerging Whittenburg Basin play in the Texas Panhandle.

Five of six initial vertical tests were completed as oil producers in the Canyon Wash interval.

"We are very encouraged that our early results support our geological model. We plan to expand our exploratory program using newly acquired 3-D seismic," said Robert Johnston, Apache's Central Region vice president.

"Advances in horizontal drilling and multi-stage fracture stimulations have greatly improved the economics of drilling in oil and liquids-rich formations across western Oklahoma and the Texas Panhandle; the wells we have drilled thus far in the Bivins Ranch area have all the ingredients to suggest that these techniques may generate even greater productivity.

"We are eager to continue to test the acreage, and we plan to commence horizontal development drilling in mid-2012,"

Apache has leased or purchased approximately 96,000 net acres in the Bivins Ranch area, a 200-square-mile block in Hartley, Oldham, Potter and Moore counties, and operates all leases, most with 73.5-percent working interests. The block is immediately south of the prolific Panhandle Dolomite field and north of two 25-well Canyon Wash fields.

The Bivins Ranch acreage play is part of Apache's stepped-up program to explore in underdeveloped areas — beyond existing operations — that can benefit from Apache's technical expertise and financial capacity.

Prior to Apache's recent activity, just 21 wells were drilled on the block, which is located about 100 miles west of Apache's Anadarko Basin properties.

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Anadarko appraisal success offshore Mozambique

Anadarko reported its seventh well in the discovery area offshore Mozambique successfully appraised previous discoveries at Lagosta and Camarao.

The Lagosta-2 appraisal well, located about 4.4 miles (7 kilometers) north of the Lagosta discovery and 5.3 miles (8.5 kilometers) south of the Camarao well, encountered 777 total net feet (237 meters) of natural gas pay in multiple zones.

"This is the largest pay count of any well in the complex to date, and it seems fitting that our seventh successful well in the discovery area would encounter 777 net feet of pay," said Bob Daniels, Anadarko Sr. Vice President, Worldwide Exploration.

"These excellent results continue to support our recoverable resource estimates of 15 to 30-plus Tcf (trillion cubic feet) of natural gas in the discovery area on our block, as well as provide additional information that will be incorporated into our models to help determine the optimal subsea development plans for the complex. In addition, a second deepwater drillship, the Deepwater Millennium, has arrived in Mozambique to begin an accelerated testing program that will include installing observation gauges and conducting several drillstem tests, as we remain on track to reach a final investment decision for this project in 2013."

The Lagosta-2 appraisal well was drilled to a total depth of approximately 14,223 feet (4,335 meters) in water depths of approximately 4,813 feet (1,467 meters) in the Offshore Area 1 of the Rovuma Basin. The partnership plans to preserve the Lagosta-2 well for future utilization during its planned drillstem testing program in the Windjammer, Barquentine and Lagosta complex. Once operations are complete, the Belford Dolphin deepwater drillship will be mobilized to drill the Lagosta-3 appraisal well.

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Success of the Middle East oil and gas show and Conference in Bahrain provides industry confidence

  General Manager for Unicom graphics Sonjoy Monteiro, who has done business in Bahrain more than 16 years, appreciate the organizers efforts to companies.

"We are very excited and grateful that the organizers." It was important to strike the negativity and squash the rumors ", he said." "Bahrain needs this kind of exhibitions." "I hope this is just the beginning, and it will open the floodgates."

Although planned originally for March, but postponed because of unrest, the delayed Conference date hold not participants or participants.

"The Expo will delay had to, but I don't think that it has violated the exhibition." "Bahrain is fine to be and this is an indication of that be it," said ARAMCO professional development Advisor Melanie Steiman.

Business Development Manager of the golf strategic partner Paul Mitchell agreed: "I think it is very refreshing to see that there a lot of interest." Before coming here, I wasn't sure what to expect, but it's nice to see, people come back to do business. "It shows that more people are willing, the past behind them and try things back, where they, before were."

Organizers look to future exhibitions, which will boost the economy and further aim to different areas, such as the upcoming jewelry Arabia, the largest jewelry exhibition in the Middle East.

"I think that was a test for us, and it was a success." I think the jewelry Arabia go ahead as planned. Slowly and gradually we will get back to normal. "Hotels are full and taxi drivers are happy," said S. Fawzi Al A., Director of sales and marketing for Arabian project management.

Jenan al Musawi
Media relations & return on investment reporting Executive
PR Newswire Europe
Phone + 44 20 7454 5295
Fax + 44 20 7454 1255 written by Nadeen El Ajou
Saturday, October 08-2011 in the United Arab Emirates local time 15: 52 (GMT + 4)

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