Venus (finial investment decicion delayed for 150.000 bbl/d FPSO) Lower Cretaseous, Albian Basin floor fan , 600 km2 Permeability 2-4 mD h= 84 m net pay (Venus 1X) 45 API, Volatile Oil, very low viscosity Well test. 4 days flow test (good drill stem test with good deliverability) OOIP 5.1 billion bbl, perhaps 2 billion bbl recoverable (perhaps too optimistic)
Tamboti (Game over) target reservoir: other than Venus Permeability 1 mD (perhaps) h=85 m Black Oil Well test below 1.000 bbl/d Jonker (written of) Upper Cretaseous Permeability 0,7 mD (this is realy small for an oil reservoir. Now I am surprised that Shell did not give up earlier)
Mopane (FID and farm out in discussion) Cenomanian to Turonian, stacked Permeability high (good poro) ; Mello paper suggests: porosity =19%, perm = 300 mD h = significant light oil / gas condensate with low viscosity Well test 14.000 bbl/d (constrained) OOIP perhaps bigger than 10 billion bbl, estimated with 2.5 billion bbl recoverable (perhaps pessimistic?)
Kapana, Nara (dusters)
We wait now for the boom or bust day of Saturn (when Woodside starts moving)
PCL Price at posting:
1.9¢ Sentiment: Hold Disclosure: Held
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