SOCO still hoping for Congo B commerciality

摘要

SOCO is still hoping to work a new shallow water find off Congo Brazzaville to commerciality despite lower than expected reserves. Transocean's Falcon 100 semisub encountered 165ft (50m) of net oil pay in the Lideka East Marine-1 well in the Marine XI block in the shallow waters of the Lower Congo Basin. The well was tested over a 65ft (20m) interval and flowed 30-35° API oil at a sustained rate of 350 b/d. It was drilled on the crest of the structure to identify the length of the oil column. The oil water contact was not well defined and an "oil down to" shale barrier could present upside. SOCO said further work will be conducted to "establish viable opportunities on this field".