Hyperdynamics failed to encounter hydrocarbons at its Fatala-1 well offshore the Republic of Guinea in Northwest Africa, in what the company thought was to be a “potential world-class hydrocarbon discovery.”
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Map from Hyperdynamics. |
Fatala-1 was drilled in 2897m of water and reached a total depth of 5117m below sea level.
According to Hyperdynamics, the well encountered a 75m thick Cenomanian sedimentary channel sequence, but it contained predominantly siltstone and clays with no hydrocarbon shows. The well will be plugged and abandoned.
"We are very disappointed at the results of Fatala-1, considering the extremely promising geophysical data on the prospect," says Ray Leonard, Hyperdynamics' president and CEO.
"Hyperdynamics and our 50% partner in the well, Sapetro, currently hold rights to the Guinea concession through 21 September 2017. In the very near future, we will be studying the results of the well and evaluating any future options we may have for further activity in Guinea. Fatala-1 was the deepest-water well ever drilled offshore Africa, and I'm pleased to say that it was drilled safely and within expected budget," says Leonard.
The duo began drilling well in May, and received a two-year appraisal period extension from the government in July.
Read more:
Hyperdynamics nears final Fatala-1 stage
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