ENI suspended as an oil and gas discovery the Saasken 1EXP directional new-field wildcat (NFW) in the CNH-R02-L01-A10.CS/2017 contract, Area 10 block during early-February 2020 at a final total depth (TD) of 3,830 m.     On 17 February 2020, ENI issued a press release and      stated the Saasken 1EXP was a discovery with 80 m of good quality net pay      in the Lower Pliocene and Upper Miocene and it estimates possible      resources of 200 to 300 MMbo in place. After      evaluating all of the technical data from the well the operator estimates      the discovery well could produce approximately 10 Mbo/d but did not report      any potential gas volumes.  The NFW was spudded on 20 October 2019.  The proposed total depth (PTD) for the      NFW was 4,563 m measured depth (MD) and 4,421 m true vertical depth (TVD).        The primary targets were the Lower      Pliocene and Lower Miocene with secondary targets in the deeper Oligocene      and Eocene.  The Valaris âEnsco 8505â      S/S drilled the well in a water depth of 354 m.   The NFW is located in the south-western      corner of the block   The Saasken 1EXP drilling cost was      estimated at USD 51.77 million and abandonment costs were estimated to be      USD 4.13 million.  The prospect trap is      reported to be an anticlinal structure related to a salt intrusion with      related normal faulting. The operator has the option of drilling to its      deeper Oligocene and Eocene targets pending results obtained drilling its      primary Pliocene and Miocene targets.   On 7 May 2019, the CNH      approved the drilling permit request submitted by ENI for the Saasken 1EXP      NFW.  In the CNH-R02-L01-A10.CS/2017 PSC      contract, Area 10 block, ENI is the operator with 65% working interest,      Lukoil has 20% working interest, and Capricorn holds 15% after formal      approvals granted on 19 December 2019.   On 25 September 2018, the CNH approved the exploration plan presented by ENI for the CNH-R02-L01-A10.CS/2017 contract, Area 10 block from the CNH-R02-L01/2016 Bid Round.
SÃ¡asken 1EXP nfw. (Eni 65% op, Lukoil 20%, Capricorn 15%) CNH-R02-L01-A10.CS/2017 contract, Area 10, offsh Tabasco, reported oil discovery. 80m net pay in L. Pliocene + U. Miocene (Eni said the reservoirs show "excellent petrophysical properties"), capacity pegged at >10 000 bo/d, est. 200-300 MMbbl OIP. WD=340m, TD=3830m.