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February 14, 2012

Hyperdynamics completes drilling at Sabu-1 well offshore Guinea-Conakry

Oil and natural gas explorer and producer Hyperdynamics Corporation has completed drilling of the Sabu-1 exploration well on its concession offshore Guinea-Conakry.

Oil and natural gas explorer and producer Hyperdynamics Corporation has completed drilling of the Sabu-1 exploration well on its concession offshore Guinea-Conakry.

According to the company, the well was drilled to a depth of 11,844ft in a water depth of 2,329ft.

Results of real-time hydrocarbon chromatograph measurements and Schlumberger petrophysical wire line analysis justified collection of downhole fluid samples.

These samples, together with sidewall cores taken, will be sent to Core Lab for analysis.

The Jasper Explorer rig used in the drilling of the Sabu-1 well will be released following demobilisation.

Hyperdynamics will incorporate the results of the well, along with the interpretation of the newly acquired 3D seismic, in order to plan the subsequent drilling programme in consultation with Dana Petroleum and the government of Guinea.

Sabu-1 is the first exploration well drilled by Hyperdynamics in its Guinea concession, and the first deep water test in the offshore Guinea basin.

The company completed acquisition of the 4,000km² 3D seismic programme in the deeper water portion of its concession offshore Guinea in January 2012, which is currently being processed.

The firm operates the Guinea concession with a 77% interest and Scotland-based Dana Petroleum holds the remaining 23% stake.

Hyperdynamics is an emerging independent oil and gas exploration and production company that is exploring for oil and gas offshore the Republic of Guinea in West Africa.

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