News listings
Bayphase Aug 2017

energy-pedia exploration

Gulf of Mexico flagGulf of Mexico

South America / GoM >>> Gulf of Mexico

GoM: Byron Energy contracts rig for SM 71 program


12 Sep 2017

Photo - see caption

Byron Energy has executed a drilling contract with Ensco Offshore Company under which the Ensco 68 jack-up rig will be provided for Byron’s South Marsh Island Block 71 drilling and completion program. The Ensco 68 will be available by the end of November 2017 after Byron sets its tripod production facility on the lease.  The 60-day contract will allow Byron to drill the SM71 F2 well and then complete the SM71 F2 and SM71 F1 (previously referred to as SM 71 #1) wells.

Photo - see caption
Ensco 68

The SM71 F2 well has two targets, the B65 Sand and the D5 Sand.  The D5 Sand is the primary focus of the development at SM71 and the SM71 F2 well will provide a second take point in the D5 Sand reservoir. Byron’s initial SM71 well, the SM71 #1 (now renamed the SM71 F1), logged 151 feet (true vertical thickness) of oil pay in four zones and was drilled in 2016.  The Company’s independent reserve assessment prepared by Collarini Associates (“Collarini”) assigned a total of 2.271 million barrels equivalent net to Byron to the SM71 F1 well on a 2P basis*, with the bulk of those reserves coming from  
the D5 Sand.  The D5 Sand has been productive in other parts of the South Marsh Island 73 Field where over 20 million barrels of oil have been produced from multiple D5 Sand completions.  

The secondary target of the SM71 F2 is the B65 Sand which lies above the D5 Sand and was stratigraphically pinched-out in the SM71 F1 well.  Byron’s RTM and proprietary inversion processing indicates a positive anomaly at the B65 Sand level that is analogous to known productive reservoirs of the B65 Sand; this well will test the prospective resources attributable to the B65 Sand and provide further calibration for those data sets as we explore in the greater SM71 area.  Collarini assigned 2.042 million barrels of oil and 2.0 bcf of gas  net to Byron to the B65 Sand as Prospective Resources. The B65 has produced 13 million barrels of oil from four trapping areas around the SM73 field.  

The SM71 F2 well is currently programmed to a depth of 8,965 feet/2,608 metres measured depth (7,555 feet/2,303m True Vertical Depth) and is expected to take less than 30 days to drill.  After drilling the SM71 F2, rig operations will convert to completing the SM71 F1 and SM71 F2 wells before the rig is released.  Production is expected to start in in late January 2018 or approximately 10 days after the rig leaves location upon final hook-up of production equipment  

The Company’s wholly owned subsidiary, Byron Energy Inc., holds a 50% working interest (40.625% net revenue interest) in South Marsh Island Block 71 and is the operator of record. In January of 2017, Byron announced that it would utilize a manned, Byron operated platform to produce hydrocarbons found on the block.  Otto Energy holds the remaining 50% working interest.   

CEO Comment Maynard V. Smith, Byron’s CEO had this to say about the Ensco contract:-  

'The Ensco 68 is a high quality drilling rig with a reliable operating history in the Gulf of Mexico.  Signing this contract is another important step towards establishing Byron’s first operated production platform.  Our team in Lafayette and Australia continues to focus on the start-up of SM71 and this contract represents a tangible milestone.  We look forward to working with Ensco during this phase of the project'.

Original article link

Source: Byron Energy

 





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Publicly Available Deals

See all deals...

Subscriber Only Deals

Current deals: 1655
Completed deals: 4672

Company Profiles

Current Company Profiles: 2515

Corporate Activity

Current Corporate Activity articles: 2929

Companies Looking

Current number of articles: 417

Company Sales

Current Company Sales articles:1177

Geostudies

Current Geostudies articles: 519

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

Government of South Australia
Polarcus Logo 149
Bayphase
energy365
Lynx Information Systems
RSK Logo 149
count geophysics
KL Publishing
Rose & Assocs 149
Union Jack Oil 149
EP Consult Energies
SLR Consulting logo
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com