Exploration & Production | Top Story
Falcon Hits TD at Mako Trough Well; IDs Gas Shows
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Falcon Oil & Gas Ltd. has reported that initial drilling operations on the Besa-D-1 well have reached total depth of 3,000 metres having encountered gas shows.
Besa-D-1 is the second of a planned three well programme to evaluate the gas potential of the Algyő Formation in the Makó Trough License. The well has now been cased to TD and is suspended pending further technical evaluation in order to determine an appropriate testing programme later this year. No operational problems occurred during drilling.
In January 2013, Falcon agreed a three-well drilling programme with Naftna industrija Srbije jsc to target the Algyő Play, whereby NIS made a cash payment of US$1.5 million to Falcon in February 2013, and agreed to drill three wells by July 2014 at their cost. The July 2014 date for…
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