Wisent Completes Drilling in Polish Shale Oil Search
Wisent Oil & Gas, the independent oil and gas exploration company with significant acreage in the Baltic Basin, northeast Poland, has completed the drilling of the Rodele No.1 exploration well on the Ketrzyn concession in the Barciany Gmina.
The well was drilled as a Silurian and Ordovician shale oil test and, despite the loss of three days due to severe cold weather, drilling was completed in 14 days to a total depth of 1,547 metres.
Mud logs, electric logs and sidewall cores confirmed the presence of the Silurian shale at the exact depth and with the thickness originally projected. After analysis of the available information on site it was decided not to conduct a frac test and well plugging and site remediation operations have now begun.
The rig is now being prepared to move to the location of the second well in the programme, the Babiak No.1 well on the Lidzbark Warminski concession in the Gmina of the same name. The Babiak No.1 well will be drilled to a TD of 2,400 metres and it is planned that, after logging, the well will be sidetracked with a horizontal section of up to 1,200 metres. A frac of between 6 and 8 stages is then planned, depending on the length of the horizontal section.
Commenting on the announcement, Wes Skrobowski, Chief Executive, said: "The results of the stratigraphic test at the Rodele No.1 will be studied and incorporated into our regional geological interpretation. It is very satisfactory that the well was drilled within our planned schedule and under budget and, most importantly, without any accident-related time loss or environmental incident.
"We plan to spud the Babiak No.1 well in mid-March. The planned frac tests on this well will provide important information about the producibility of the shales across both concessions.
"The initial results from Babiak No.1 should be known by the second quarter of 2013. Wisent will formulate its further exploration plans across all four of its concessions on the basis of the results of the Babiak No.1 and further analysis of the results of the Rodele No.1 well."