TIMOR Resources will drill Timor-Leste’s first onshore well in almost 50 years in January 2020.
The company has commissioned Eastern Drilling to mobilise a rig to Timor-Leste, according to a company statement.
The country has not had an onshore drilling campaign since 1972, when the Portuguese still controlled the country.
In 2017, the privately-listed Timor Resources won the rights to explore and develop 2,000 square kilometres of onshore acreage on Timor Leste's south coast and holds two production sharing contracts via joint venture with state-owned Timor Gap.
The first well, Karau, at a depth 1,080 meters, will target the Viqueque formation, with the company expecting approximately 430 meters of gross reservoir interval, which is known to be oil bearing in the near surface from evidence of the oil seeps.
"This play type is proven in the Bula field on the Isle of Seram where 20 million barrels of oil have been recovered," Timor Resources general manager Jan Hulse said.
"The Timor Resources drilling campaign targets four different play types, maximizing the chance of commercial discovery.
The deepest well in the five well campaign is 2,740 meters and targets the Triassic Jurassic Formation, according Hulse.
Source: Energy News Bulletin
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