Trinidad and Tobago-focused exploration and production company Trinity Exploration & Production has begun drilling the deep Jacobin prospect.
Located in the area of Trinity’s Palo Seco lease operation, the Jacobin well has been designed to test an extensive and lightly drilled Miocene-age deeper turbidite play mapped in the prolific South Coast Basin and will provide the company with critical new data on this extensive game and the wider field. Palo Seco surface, Trinity noted.
The company has a 100 percent interest in sublicenses in the Palo Seco area where nine deeper prospects have already been mapped.
According to Trinity, the well is targeting a structural prospect defined in 3D seismic, with target reservoirs in the Lower Cruse formation. It is targeting a total depth of 9,800 feet, which will make Jacobin the deepest onshore oil well drilled in the Palo Seco area in more than a decade, the company noted.
The target volume of resources to be exploited is significant and very significant for Trinity, with an average oil-in-place volume of 5.7 million barrels and an upside case (P10) of more than 10 million barrels in the site, the company said.
Trinity noted in a statement that the well was spudded on Monday, May 15 and is currently drilling. The company anticipates that the well should reach the primary target areas within thirty-five days before an extensive data collection program begins.
Rigzone reported in January that Trinity would be the Jacobian well in the second quarter of 2023. In late March, the company issued an operational update saying it would start drilling in late April, but Trinity failed to start. work at that time.
The company added that the data collected during the Jacobin drill will be invaluable to the further evaluation of Trinity’s portfolio of eight other Miocene ‘Hummingbird’ prospects mapped within its existing acreage, including Emerald and Woodstar , and other perspectives mapped on the Buenos Aires blog. .
“Jacobin is an important well and a potential growth catalyst for Trinity. Jacobin targets virgin pressure reservoirs with higher initial production rates than conventional wells and offers Trinity the potential to reduce cycle times amortization and a significant increase in production,” said Jeremy Bridglalsingh, CEO of Trinity.
“The focus on this new Miocene play, with Jacobin being the first well, demonstrates our real intent to quickly exploit our competitive advantage offshore Trinidad, where we can progress immediately from the drilling phase to production,” he added.
“More importantly, we plan to acquire geologic data from the well that will allow us to calibrate prospectivity across the area following our 2020 purchase and subsequent interpretation and mapping of the Palo Seco NWD 3D seismic data set,” he continued.
“A successful well would unlock both the development of the Jacobin prospect itself and drill-ready follow-on prospects and prospects mapped across our core acreage, including Emerald and Woodstar,” Bridglalsingh concluded.
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