Conoil Targets 20,000 Feet With Discovery Well

Conoil’s Ango-1, the new field wildcat being drilled by the new build swamp barge Majestic, is expected to drill to 19800 feet(or 6035metres). Our report, last week, mistakenly reported that the proposed TD was 18000(5486metres). A depth of 19,800ft Measured Depth (with TVD around 17990feet, or 5852metres) is clearly more than a thousand feet deeper than the deepest onshore well in the Niger Delta: Agip’s Tuomo-2.
We reported last week that the well, located 30km North east of Otuo South field, in Conoil operated Oil Mining Lease(OML) 59, in southwestern Niger Delta basin encountered over 150 feet of suspected hydrocarbon column at around 16000ft(4876metres) TVD, which itself is very deep by Niger Delta standards. If this turns out to be a producing reservoir, it will be one of the two deepest pay zones in onshore Niger Delta. The original hole has been sidetracked, but the objectives remain. Conoil expects to hit another payzone at about 18,000feet TVD.