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The oil exploration company New Age (African Global Energy) Limited, a UK based firm has received similar results while drilling at El-Kuran-3 as it did at 42 previous sites. The company disclosed that drilling continues on the El Kuran-3 well in block 8, Ogaden basin, Ethiopia, with the current depth being 2,850 meters.
The well encountered a 1,200 meter section of Jurassic Hamanlei carbonates, with wet gas and oil showing throughout the interval, similar to the El Kuran-1 well drilled in 1972. “A decision was taken to deepen the well to the below the planned target depth to evaluate the deeper Gumboro zone which has significant gas condensate potential,” Africa Oil, Canadian based oil firm, and New Age’s partner on the exploration recently disclosed. The company stated that the revised total depth of the well is 3,500 metres, the depth of the well was estimated to be 2,800 meters and it will take three months to reach the targeted depth. But the drilling did not happen based on the schedule. The initial exploration period under the PSC has been extended to April 2014 to allow drilling and testing of the well.
El Kuran-1 is the first promising oil field. It was first drilled in 1972 by Tenneco, an American oil company. The Calub and Hilala wells are the fields included on the project, while these gas fields are not yet developed.
In July, Tullow Oil, a UK based oil firm, which is also partner with African Oil, reported that the Sabisa-1 well on the South Omo Block in Ethiopia, the most northerly well drilled on the Tertiary rift trend to date, had confirmed a viable hydrocarbon system with oil and heavy gas showing. Based on the encouragement of the results, the decision was made to drill at Tultule-1, which would be thenext well on the South Omo Block. Preparations are also underway to drill two exploration wells in the Chew Bahir basin, located to the east of the South Omo Block, in 2014.