INPEX spudded the Minami-Kuwayama No. 3 Well in April this year for the purpose of further developing the oil field and improving its productivity, and confirmed that production can be expected from the 24m thick oil column through analysis of wireline logging data and extracted formation fluid. Wireline logging consists of taking measurements of the resistivity, density and porosity of the formation around the well.
The Minami-Kuwayama Oil Field is located approximately 20km southeast of the city of Niigata.
Moving forward, INPEX will continue analyzing data retrieved from the well for evaluation purposes, and conduct additional drilling operations in fiscal 2016 in order to bring the discovered oil to production. INPEX expects the current production volume of the oil field at 300~380 barrels per day to triple if the additional drilling operations are
INPEX is committed to its sustained engagement in the efficient and effective cultivation of Japan’s domestic energy resources through new exploration and development activities.
