Well La-106 is currently being logged prior to its completion as a development well. The well was drilled deeper than planned due to the better than expected sand quality in the Lower Logbaba sections.
Multiple gas-bearing sands were encountered between 5,482ft and 10,400ft. The data obtained indicates in excess of 300 feet of gross pay. Further detailed information on La-106 will be revealed after running open-hole logs and completing the petrophysical evaluation. Well flow tests will be run after the casing is set, the company said.
The completion of La-106 suggests that the key license and joint venture requirements have been met. The company has now completed all significant commitments under the exploration license agreement and is in the process of submitting the necessary documentation to the Cameroon government to be awarded the thirty five year exploitation license.
Conceptual engineering for the gas production facilities at Logbaba and the pipeline to previously identified industrial customers has now been completed and has confirmed the feasibility of the project and its design assumptions. Detailed engineering, budget and schedule definition is underway with the target to deliver first gas to customers in the fourth quarter of 2010.
Meanwhile in Russia, the 2010 work program is underway at the West Medvezhye (West Med) exploitation/license in the prolific Yamal-Nenetsk hydrocarbon region in Northern Siberia.
