Success of Flow Test in Appraisal Well of Seagull Discovery, U.K. North Sea
Japan Petroleum Exploration Co., Ltd. (hereafter "JAPEX") announces that the flow test of an appraisal well at P1621/P1622 (hereafter "Seagull discovery") located in U.K. North Sea, has succeeded. JAPEX has acquired 15% participating interest from Apache North Sea Limited, subsidiary of Apache Corporation in March 2014.
An appraisal well at the Seagull discovery in P1621/P1622, North Sea in UK was drilled 78 km south of the Forties complex and confirmed 672 feet of net oil pay over a 1092 foot column in Triassic-age sands. The well was flow tested with a facility-constrained rate of 8,700 Bpd and 16 MMcfd with a very low pressure drawdown. Further appraisal work will continue following the recent acquisition of a multi-azimuth 3-D survey.
The effect of this matter to the Financial Forecast of April 1, 2015 to March 31, 2016 is negligible.
Please note that the information in the news is as of the announcement date and may be subject to change without notice.
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