Project Profile
Value: Undisclosed
Location: portion of Block 12, eastern Georgia
Area: 80 km2
Production: unknown
Reserves: approximately 118 million barrels of reserves
Depth: between 2,200 m and 3,500 m
Start-up Year: -
The Taribani Field, situated within the Taribani Field Unit Complex alongside the Kila Kupra, Iori and Baida fields (click here to learn more about these fields), is a large over-pressured oil field covering an area of approximately 80 km2 with productive horizons situated in Miocene and Pliocene age reservoirs that have been deposited in fluvio-deltaic to nearshore marine environments. Reservoir and regional mapping, along with extensive surface geological work undertaken by the Company indicate that the reservoir facies are well developed and, in some cases, their permeability is enhanced by fracture systems associated with regional strike-slip faulting that is found throughout the Upper Kura Basin. These reservoirs are situated at depths of between 2,200 m and 3,500 m.
The Taribani Field was penetrated by forty-one wells during the Soviet era, drilled between 1962 and 1981 and all clustered in the down-dip portion of the field. The Taribani Field has to date produced a total of approximately 550,000 barrels of oil from eight of the forty-one wells. Oil taken by Frontera from the Taribani Field has been tested and found to be 36 degree API with a low sulphur content (0.23 per cent). Frontera believes that the limited production was due to poor historic drilling and completion practices, and a policy decision taken by the government authorities in the 1970s to focus on the development of the Samgori Field, located close to Block 12. Frontera believes that significant reserves from the Taribani Field are commercially recoverable by utilising conventional technologies, and drilling and completion methods.
Future Work Program
based on Frontera’s work in the Taribani Field, twelve productive horizons have been identified for potential exploitation and development. Frontera’s near term strategy is to focus on establishing commercial production from four of these twelve horizons: Zones 9, 14, 15 and 19. Frontera believes that it can produce approximately 118 million barrels of reserves from Zones 9, 14, 15 and 19 at commercial rates. These reserves have been independently evaluated by Netherland Sewell & Associates Inc.and have been classified as possible (P3) gross (8/8ths) reserves. Netherland Sewell & Associates Inc. has indicated that, provided Frontera can demonstrate commerciality, a significant portion of the P3 reserves in the Taribani Field could be recategorized as P2 and P1 reserves. Plans are also underway to continue the assessment of the other eight horizons in the field. Frontera believes that these other horizons will define additional significant recoverable reserves within the field. In addition, the western portion of the field is believed to contain significant potential that has yet to be exploited. No oil-water contacts have been found in the Taribani Field, which indicates that the field limits have yet to be fully determined.
Operator:
Frontera Resources Corporation: Operator with 100% interest
Contractor:
Netherland, Sewell & Associates \"NSA\": Reserves estimate