Third Find for Husky in South China Sea

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    3rd find for Husky in S. China Sea
    by: Jennifer Pallanich,
    [email protected]
    OilOnline Manager posted on 2/9/2010

    Husky Energy reported finding a 145m gross gas column with its Liuhua 29-1 exploration well drilled in 723m of water in the South China Sea. Liuhua 29-1 – drilled 43km northeast of the Liwan 3-1 gas field in 1450m of water and 20km northeast of the LH 34-2 gas field – also found an oil zone in a deeper reservoir. The well – drilled to 3331m TD – tested natural gas at an equipment restricted rate of 57mmcf/d, with indications that deliverability of the well could exceed 90mmcf/d, Husky said on 8 February 2010. Field partner CNOOC said the well encountered gas pay zones with net total thickness of 70m. The find is Husky’s third in the South China Sea.

    ‘The three natural gas fields, Liwan 3-1, Liuhua 34-2, and Liuhua 29-1, have confirmed the resource potential as a major gas development project in the South China Sea and supports an earlier estimation of petroleum initially in place of 4 to 6tcf for the block,’ said Husky president and CEO John C.S. Lau.

    The well is in the Pearl River Mouth Basin in the Eastern South China Sea.

    The front end engineering design (FEED) for the Liwan 3-1 deepwater project is complete, and Husky expects to submit the plan of development for the project to the regulatory authorities early this year. Husky said it anticipates developing the Liwan 3-1 and Liuhua 34-2 fields in parallel with first gas from targeted in 2013. The new Liuhua 29-1 field, to be appraised later this year, will use the Liwan field infrastructure, Husky said. The West Hercules deepwater drilling rig is preparing to spud the first delineation well on the Liuhua 34-2 discovery.

    Block 29/26 covers about 2230km2. According to the production sharing contract, CNOOC has the right to participate in up to 51% working interest in any commercial discoveries on Block 29/26.

    http://www.oilonline.com/News/NewsArticles/articleType/ArticleView/articleId/28018/3rd-find-for-Husky-in-S-China-Sea.aspx

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