Caracal Energy has confirmed it intention to drill new wells on the Badila oilfield in southern Chad following the arrival of a new rig
The Canada-based oil and gas exploration firm has plans to begin exploratory drilling with one well each in August and September 2013.
Meanwhile, a transportation agreement is also being finalised with Tchad Oil Transportation Company-Cameroon Oil Transportation Company (TOTCO-COTCO) for export to Cameroon via pipeline. A hot-tap interconnection has been completed, the company said.
The first three Badila oil wells, already drilled, have the combined capacity to deliver 14,000 bpd.
Meanwhile, the Mangara oilfield is expected to produce more by year end, Caracal Energy said. The Mangara-4 development well was drilled to a depth of 2,471 metres and petrophysical results showed 40-60 metres of estimated oil pay in the Lower Cretaceous C and D sands.
The Mangara-5 well was drilled and cased as a Lower Cretaceous C and D sands producer. The well was drilled to 3,339 metres to and found 150-230 metres of estimated net oil pay in the Lower Cretaceous E sands.
In May this year, Caracal Energy also received conditional approval of an application for the 25-year development license for Kibea oilfield and is preparing an environmental impact assessment, company sources said.
A 3D seismic survey over Kibea and nearby exploratory prospects would start late 2013 or early 2014. A Kibea appraisal well is likely to spud in the Q4 2013 to test deeper horizons and obtain core and fluid samples for development planning and facilities design.
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