Providence completes West African drilling

Providence Resources P.l.c., declares the completion of drilling operations on its AJE Field, in OML113, offshore Nigeria.

The AJE-4 well, which was drilled in c. 1,000′ water depth using the drill-ship Transocean Pathfinder, was designed to evaluate the lateral extent of the oil and gas bearing reservoirs which had been successfully tested in the AJE-1 & 2 wells located some c. 2 km from the AJE-4 location. Drilling operations were carried out by the Operator, Yinka Folawiyo Petroleum Company Limited in conjunction with Chevron Nigeria Deepwater H Limited.

As prognosed, the AJE- 4 well encountered Cretaceous aged hydrocarbon bearing sections, specifically a gas condensate and oil bearing Turonian reservoir with oil bearing Cenomanian intervals. A comprehensive logging and coring programme has been completed together with down-hole pressure measurements and hydrocarbon sampling. The AJE-4 well is currently being suspended.