Hydrostatic pressure (HP) exerted by the drilling fluid of 1.73sg or conversion to ppg = 1.73sg x 8.33 = 14.4109ppg (MW).
HP of drilling fluid = section TVD x MW x 0.052 = 2970m x 3.281 x 0.052 x 14.4109 = 7,300 psi.
Normally pressured reservoirs are assumed to have hydrostatic gradient so the reservoir pressure with hydrostatic gradient =Pore Pressure (PP) = 2970m x 3.281 x 0.433 (water gradient) = 4,220psi
With information provided the reservoir is overpressured by 7,300psi - 4220psi = 3,080psi (this is big hence huge buys this afternoon).
I am Drilling Engineer with 10+ years experience in O&G industry, holding Masters degree in Petroleum Engineering.
These are only my hand calculations and should not be used as financial advise or decision to buy or sell MAY shares.
DYOR, GLTAH...
Hydrostatic pressure (HP) exerted by the drilling fluid of...
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