Drilling is expected to take 30 days utilizing Quetzal’s Darci #1 drilling rig. It is anticipated that the productive C-18 and C-19 intervals will be encountered approximately 50ft structurally higher than in the Atzam #2 well.
The Atzam #2 well was drilled in 1993 by Basic Petroleum (Bahamas) to a total depth of 4,307ft and tested 1,386 stock tank barrels of 34 degrees API oil per day on natural flow from the interval 3,914ft to 4,136ft of the Coban C-18 and C-19. The Atzam #2 well also had shows of oil and gas in the shallower Cretaceous C-13, C-14, C-16 and C-17 zones.
Atzam #2 well also had shows of oil and gas in the shallower Cretaceous C-13, C-14, C-16 and C-17 zones. The workover of Atzam #2 was completed this month utilizing Quetzal’s Wanda #1 workover rig and involved drilling out a cement plug from 3,968ft to 4,018ft. The well has been put back on production and is anticipated to stabilize at a rate in excess of 50 barrels of oil per day.
