Oil and gas producer Columbus Energy Resources has announced the successful completion of drilling and casing operations for the Saffron oil well in Trinidad.
The drilling operation has reached a total depth of 4,634 feet, as planned. The company explained that it had completed open-hole logging to a depth of 2,545 feet, with cased-hole logging to total depth currently underway.
Processing and interpretation of the data from the drilling operations is to be completed in the coming weeks. In updating the international market today on its Saffron well, located onshore Trinidad, Columbus Energy pointed to drilling in the Upper, Middle and Lower Cruse, which were described as the tertiary, secondary and primary targets.
“I am excited that we have encountered multiple sand packages and multiple oil shows to total depth, as we had hoped, including in the Lower Cruse which was our primary target.”– Columbus Energy Executive Chairman, Leo Koot (Photo: energyvoice.com)
The Trinidad and Suriname oil and gas producer reports that it has ”drilled multiple sand packages with high sandstone content and multiple oil shows to total depth.” The full potential of the well would be evaluated in the coming weeks upon the processing and interpretation of the cased-hole logging.
Columbus Energy says it is planning to complete and test the Saffron well in the first quarter of 2020. “The company is very pleased to have successfully completed the drilling of the Saffron well,” declared Columbus Energy Executive Chairman, Leo Koot.
Continuing, Koot said “our drilling team has done a fantastic job in reaching target depth in a very complex geological area. I am excited that we have encountered multiple sand packages and multiple oil shows to total depth, as we had hoped, including in the Lower Cruse which was our primary target.”
The Columbus Energy Executive Chairman is of the belief that this confirms the potential of the South West Peninsula. According to Koot, “the company has gained an enormous amount of knowledge about how to successfully drill wells in the South West Peninsula and we look forward to seeing the interpreted logging data and completing and testing the Saffron well in the first quarter of 2020.”
“In our view, the economics for the South West Peninsula are very robust and depending on the test results from Saffron, we look forward to further appraisal drilling as is appropriate,” Koot explained.
Three weeks ago the company reported that the drilling of the Saffron well was continuing as planned with encouraging results to date. The 8 1/2 inch pilot hole was successfully drilled to the planned depth and encountered hydrocarbon bearing zones within the tertiary target.
This provided Columbus Energy with the knowledge and confidence to widen to the 17 1/2 inch hole size and set 13 5/8 inch casing, which would allow future testing of encountered oil zones on a successful completion of the well. The company adds that while drilling the 12 1/4 inch section, further shows of oil bearing intervals have been encountered within the secondary target as well as high formation pressures.
This has required careful measures to ensure the wellbore is in a stable condition whilst continuing to drill.