Talisman
comes up dry
By
Curtis Williams
Trinidad Guardian
Port Spain
Petroleumworldtt.com.
06 11 06
Talisman
Energy has failed to discover either oil or gas
in its first well despite spending over US$20 million
drilling.
This
was confirmed by the company’s country manager
Des Norris who said the well discovered some sands
but that it was not commercial.
Norris
said Talisman’s first well in the Eastern
Block, Zaboca, was drilled to the targeted depth
of 17,000 feet aiming at the older Cretaceous rocks.
“We
drilled to our targeted depth and discovered sands
but unfortunately they were not commercial.”
He
explained that the cost of the well was significantly
more than initially anticipated in part because
it was hard going and the well took close to six
months to complete drilling.
“I
am disappointed that we did not find any hydrocarbons
in commercial quantities in the first well. It cost
a lot of money and people must understand that the
successful wells have to pay for the unsuccessful
ones so I hope that we find hydrocarbons because
if we don’t then we are simply pouring money
away,”Norris said.
Talisman
has now moved onto its second well Shadon Bennie
which will be drilled to 14,000 feet near to Navet
Village, Rio Claro.
Trinidad
Guardian
Thursday
1st June 2006
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©2006 Trinidad Guardian All Rights Reserved.
