"Drill stem tests will help determine size of supermajor's Jonker oil discovery in Orange basin and the quality of its reservoir.
Shell has just started carrying out flow tests on a key appraisal well drilled on its large Jonker oil discovery in Namibia’s Orange basin. The Jonker-2A well is being drilled an impressive 23 kilometres from the discovery well and was spudded in late November by semi-submersible rig Deepsea Bollsta.
Shell carried out a flow test in the early hours of this morning at the deepwater probe, according to satellite data which showed flaring at the drilling location. A spokesperson for the supermajor declined to respond.
Jonker is expected to be the first of Shell’s four discoveries in Namibia to be developed. Jonker-2A is located about 7.5 kilometres southwest of Jonker-1A — the first appraisal well — and 23 kilometres west of the Jonker-1 discovery well, a distance that would seem to indicate the scale of this deep-water discovery. In addition, according to data from marine intelligence provider VesselsValue, this latest delineation well is located just two kilometres from the boundary of TotalEnergies’ block 2913B which hosts the huge Venus discovery."
PCL Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)