Central Asia-focused Tethys Petroleum (TSE:TPL) said Thursday that data has confirmed the probable presence of moveable hydrocarbons, which occur in crude oil, in its East Olimtoi EOL09 exploration well in southern Tajikstan.
The company said that electric logs run over the Alai, the secondary target, has shown the probable presence of these hydrocarbons in the interval from 3,341 to 3,500 metres.
Independent analysis has indicated up to 32 metres of net hydrocarbon-bearing pay in the section, with porosities of up to 17%, Tethys added.
In addition, no oil‐water contact is interpreted in this section of the well. The potential closure covers an area of over 10 square kilometres in the East Olimtoi prospect alone.
The Alai interval has previously produced live oil and gas to surface while drilling, and showed high formation pressures.
Currently, the well is drilling ahead at a depth of 3,544 metres in the Suzak shale. Production testing is planned for all zones of interest after the drilling has been completed, anticipated in roughly three to four weeks.
Tethys said that mapping shows three additional structures that could be drilled following completion of the EOL09 well.
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