It has been reported that Eni SpA, through wholly owned subsidiary Eni JPDA 11-106 BV, plugged and abandoned the Kanase 1 oil exploration well in late June 2019, after encountering hydrocarbon shows within the Jurassic target interval.Â  It was reported that though reservoir sands were encountered, the hydrocarbons within are considered non-commercial due to being unmovable.   The well was spudded in mid-March 2019.Â  It was drilled by the âMaersk Delivererâ S/S within JPDA 11-106, Bonaparte Basin.  The Kanase prospect is located in the eastern portion of the permit, due east of Karongo 1. Following approval from the National Petroleum and Mineral Authority (Autoridade Nacional do PetrÃ³leo e Minerais), the well replaced two exploration wells originally outlined in the commitment programme for the initial exploration period and had a dual target. The proven Jurassic Laminaria and Plover/Elang formations, expected at approximately 3,500 m, and the deeper Triassic Nome Formation, expected at approximately 4,200 m, formed the likely exploration targets. It was reported that estimated oil in place could be 185 MMb in the primary targets, with an additional 188 MMb in the deeper Nome Formation, if the well was successful.  The rig contract was for one firm well, with a duration of two months, and an option for an additional well with a similar expected drill time depending on the results of Kanase 1. Drilling was expected to commence in March 2019 with the rig mobilised from Labuan, Malaysia where it was previously warm stacked. The rig has been located in Malaysia since Q2 2018 after completing a drilling campaign for Total S.A.Â  Eni contracted the Maersk Drilling owned âMaersk Deliverer S/Sâ in early October 2018.  Kanase 1 was the first well to be drilled since the award of JPDA 11-106 in 2013. The last well to be drilled in the licence area was Karongo 1, drilled in late 2010, which made a sub-commercial oil discovery. The well was the final of a two-well campaign undertaken by Eni in 2010 following the discovery of 35 MMb of oil (2P recoverable) at Kitan 1 in 2008. Karongo 1 followed Kasareta 1, located 25 km to the northeast of Karongo 1, which encountered oil shows.   JPDA 11-106, which covers an area of 701 sq km, was awarded on 15 April 2013. Participants in the licence are Eni JPDA 11-106 BV (40.53% plus operatorship), Inpex Offshore Timor-Leste Ltd. (35.47%) and TIMOR GAP PSC 11-106 (24.00%).  The licence will be located within East Timor waters at the finalization of the new maritime boundary, which was drawn up in 2018.Â  It is thought some licences will be renegotiated with the East Timor government as new PSCs.
East Timor, not found