document: 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.
summary: SÃ¡asken 1EXP nfw (Eni 65% op , Lukoil 20%, Capricorn 15%) CNH-R02-L01-A10.CS/2017 contract, Area 10 (block 10), off 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.