US independent explorer Harvest Natural Resources has struck out at its Al Ghubar North-1 in Oman after drilling to 10,482 feet.
“Interpretation of the mudlog and wireline logs indicates no apparent hydrocarbon saturations within the principal stacked Haima targets in the Barik, Miqrat and Amin reservoirs; however, gas shows and residual hydrocarbons indicate that the structure was charged and failure is attributed to seal effectiveness,” the company said in a statement. “The well will be plugged and abandoned with gas shows.”
The failure of the well will cost the company $6 million, $2.4 million less than first estimated as the bit reached its target depth three weeks ahead of schedule.
Harvest has an 80 percent interest in Block 64 onshore Oman.
Block 64 has an area of 3,874 square kilometers and was extracted from a pre-existing block (PDO’s Block 6) to accelerate exploration for gas and gas condensate by the Omani Ministry of Oil and Gas.
The license includes 955,600 acres in which Harvest has a 100% working interest during the exploration phase, with Oman Oil Company retaining the option to back-in for up to a 20% interest if natural gas is discovered.
