Jay1985
09-04-2010, 11:56 PM
Interesting. Curious to read the future developments
Full Read http://www.trinidadexpress.com/business/Possible_new_oil_find_at_Moruga-102027903.html
Canadian exploration company has drilled a new well and found possible oil deposits at Moruga.
Calgary-based Parex Resources Inc said its Firecrown-1 well, the first of three Trinidad exploration wells planned this year, reached a total measured depth of 8,701 feet on June 14.
Based on the interpretation data, the well encountered "potential hydrocarbon-bearing sandstones with oil shows", the company said in a statement.
Parex expects to have a service rig move onto the Firecrown-1 location to conduct a testing programme.
The drilling rig has been mobilised to the second Moruga Block location, Snowcap-1 which was spud on July 16.
Following the drilling of Snowcap-1, Parex plans to move the drilling rig from the Moruga Block to the Central Range Block.
An application for regulatory approval to drill a shallow horizon prospect was submitted in June 2009, the company said
Full Read http://www.trinidadexpress.com/business/Possible_new_oil_find_at_Moruga-102027903.html
Canadian exploration company has drilled a new well and found possible oil deposits at Moruga.
Calgary-based Parex Resources Inc said its Firecrown-1 well, the first of three Trinidad exploration wells planned this year, reached a total measured depth of 8,701 feet on June 14.
Based on the interpretation data, the well encountered "potential hydrocarbon-bearing sandstones with oil shows", the company said in a statement.
Parex expects to have a service rig move onto the Firecrown-1 location to conduct a testing programme.
The drilling rig has been mobilised to the second Moruga Block location, Snowcap-1 which was spud on July 16.
Following the drilling of Snowcap-1, Parex plans to move the drilling rig from the Moruga Block to the Central Range Block.
An application for regulatory approval to drill a shallow horizon prospect was submitted in June 2009, the company said