Hyperdynamics closing in on initial portion of Fatala well

Oil and gas company Hyperdynamics Corporation is approaching completion of the initial portion of its Fatala-1 exploration well offshore Guinea. 

The Pacific Drilling-owned drillship Pacific Scirocco reached its target drilling location 165 kilometers offshore Guinea in early August, preparing to start drilling within that same week.

The aim of the well is to test a large turbidite fan prospect in the Transform Margin play with prospective P50 recoverable resources of 647 million barrels of oil, based on a 2016 Netherland Sewell resource report.

Ray Leonard, President and Chief Executive Officer of Hyperdynamics, said in a drilling update on Monday: “Since the drillship arrived on location we have completed the project mobilization effort and successfully set the 36-inch conductor casing into the seabed in 2,897 meters of water depth.

“As of 6 a.m. CT today, the hole for the surface casing has been drilled 723 meters to a depth of 3,620 meters. We are preparing to set the 20-inch casing when we have drilled to a depth of 3,814 meters.”

“We are very excited to begin exploring the high-potential Fatala deep water prospect. We believe this exploration campaign has the potential to unlock significant value for our company and our shareholders,” Leonard added.

Hyperdynamics is 50-50 partners in this exploration project with Sapetro, an African focused privately held oil and gas exploration and production company with a portfolio of assets in West and East Africa.

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