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Pancontinental Oil and Gas reported it has verified that the recently completed Sunbird-1 well off the southern Kenyan coast has intersected an oil column the first ever oil discovered off the East African coast.
The gross oil column is assessed to be 14 m thick beneath a gross gas column of 29.6 m in a reefal limestone reservoir in the Sunbird Miocene Pinnacle Reef in area L10A. The corresponding net values are 9.2 m for the oil zone and 28.3 m for the gas zone. The Sunbird Reef is an ancient Miocene pinnacle reef buried beneath approximately 900 m of younger sediment.
Pancontinental believes the results are highly significant because they are the first proof of the presence a prospective oil system in the Lamu Basin offshore Kenya. The oil and gas have been geochemically typed in detail and the prospective source rocks have been dated and characterised for use in future exploration.
Analysis of the Sunbird results has been complicated by the loss of drilling mud, seawater and remedial cement pumped into the limestone reservoir during drilling operations.
Pancontinental has an 18.75% interest in the well and block L10A. Pancontinental has three extensive exploration areas in this highly prospective Basin covering a total area of approximately 15,000 sq km, including L10A. The detailed oil and gas geochemical data, which are confidential to the L10A Joint Venture partners, give the age and type of the oil source rocks, as well as other crucial data that Pancontinental believes places the L10A Joint Venture in a leading position to find commercial oil offshore Kenya.
The Operator of the Block L10A Petroleum Sharing Contract, BG Group, is continuing to analyse the well data and will recommend a future exploration programme using the well results.
The top of the Sunbird Miocene Pinnacle Reef was reached at 1,583.7 m sub-sea. The water depth is 723 m. Below the upper oil and gas zone, indications of low Wet Gas saturation were seen, although these are not considered to be volumetrically significant. The age and depositional environment of the oil source rocks have been determined by geochemical analysis, and remain commercially confidential to the L10A Joint Venture.
The presence of oil is supported by geochemical analysis of MDT samples, the pressure gradient of MDT samples, numerical modelling of the invasion of the oil zone and also fluorescence attributable to oil in samples. The reservoir zone was heavily flushed during well control operations, making determination of the oil and gas zones difficult.
Porosity and permeability of the hydrocarbon zone were favourable overall, and were very high in parts of the reservoir as evidenced by the loss of a large volume of drilling fluid.
L10A Consortium:
The Kenya L10A consortium consists of: BG Group (Operator) 50.00%, PTTEP 31.25% & Pancontinental 18.75%.
Pancontinental increases interest in L10B. Pancontinental advises that it has increased its interest in licence L10B, immediately to the south of L10A. The increase in interest is subject to the completion of documentation; however Ministerial approval has already been given.
The Kenya L10B consortium now consists of : BG Group (Operator) 75.00% & Pancontinental 25.00%.
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