Hyperdynamics set to begin hunt for world-class offshore discovery

After months of preparations, Hyperdynamics is finally set to spud the Fatala-1 exploration well in its concession offshore Guinea.

The oil company has informed that the Pacific Scirocco deep water drillship has reached its target drilling location 165 kilometers offshore the Republic of Guinea in Northwest Africa and is making final preparations to spud the Fatala-1 well later this week.

The Fatala-1 well will be drilled in approximately 2,900 meters of water 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, the company said.

“We expect to complete final provisioning preparations today to be ready for the actual spudding of the well no later than Friday,” said Hyperdynamics’ President and Chief Executive Officer Ray Leonard.

“Drilling is expected to take approximately 40 days to reach a total depth of 2,500 meters below the mud line. The next six weeks or so are going to be an extremely busy and exciting time for Hyperdynamics, as we seek to unlock what we believe is world-class oil potential from this largely untested basin offshore the Republic of Guinea in Northwest Africa.”

Subject to positive drilling results, the company plans to drill another exploration well the Bamboo, of recoverable resource estimate at 560 million barrels of oil on the primary sand.

Offshore Energy Today Staff

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