Oil and gas exploration company Providence Resources said today it has successfully completed drilling operations on the L99/02-SWD (SNX-10) development well at its Singleton Field in the Weald Basin, onshore United Kingdom.
The development well was drilled to a total measured depth below rotary table of 13,001ft using the Larchford Drillmaster 1 drilling rig.
Initial interpretation of the well log data demonstrate that the well has encountered a total cumulative net reservoir section of c. 1,060 ft MD.
Analysis of the log results confirm that both reservoir zones are hydrocarbon bearing. Reservoir quality is in line with pre-drill expectations, however 'sweet spots' exhibiting logged porosities of up to 21 per cent were encountered.
The SNX-10 well is currently being completed for production and will be brought on-stream over the coming 4 to 6 weeks at which time the company will update the market on well performance.
Providence holds a 99.125 per cent interest and operates the Singleton Field, with Noble Energy holding the remaining 0.875 per cent.