Otto Energy spudded the Hawkeye-1 exploration well offshore Palawan basin in the Philippines on 31 July.
The 36in conductor was run to 1906m and the 26in hole subsequently drilled to 2449m. Current operations are to cement the 20in casing string.
The forward plan is to connect the blow-out preventer to the wellhead and pressure test before commencing to drill the 17.5in hole to just above the primary target reservoir. The next update will be provided once the 12.125in section is drilled into the primary target reservoir, anticipated to occur in the middle of August 2015. The Hawkeye-1 exploration well will be plugged and abandoned upon completion of drilling and logging. All measurements are from the rig rotary table.
The Hawkeye prospect was identified on 2D seismic originally acquired by Otto in 2007 and further defined with the 600sq km 3D seismic acquisition in late 2009. Hawkeye contains a best estimate STOIIP of about 480 MMbbl of oil; and Best Estimate net prospective resource of 65 MMbbl of oil.
Hawkeye is a thrusted, four way closure with direct amplitude support evidenced on high quality 3D seismic acquired in 2010. The well is planned as a vertical exploration well to test the clastic late Miocene Pagasa formation.
Image: Hawkeye-1 map/Otto Energy
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