Oil&Gas
Cranemere Prospect
2017-12-21 15:00  点击:0
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Project Profile


Value: Undisclosed
Location: Karoo basin, Eastern Cape Province, north of the port city of Port Elizabeth, South Africa
Area: 85,000 acres
Start-up Year: -

The Cranemere Project is located in the Eastern Cape Province, north of the port city of Port Elizabeth. Geologically, the prospect is in the deep part of the southern Karroo Basin and just north of the Cape Fold Belt. This prospect is set up by the CR 1/68 well drilled by the South African state oil and gas company, SOEKOR, in 1968. While drilling this well, SOEKOR encountered numerous gas shows (fairly common in the Karroo basin), but one of particular note at about 8,300 feet where a considerable volume of high pressure gas was encountered and the well attempted to blow out.

The Blowout Preventers were engaged and the well began to flare gas. The operator recorded rates in excess of 8 million cubic feet per day and eventually killed the well with 10.5 pound mud. After testing the well, SOEKOR discounted the gas from the fractured shale and continued drilling to total depth. Although the presence of gas in the Cranemere area has been known for over forty years, it has been assumed that the gas shows in the area test wells were from small fractured, high pressure shale reservoirs that contained limited and non-commercial amounts of gas. With the advent of commercial gas production from carbonaceous shale’s in the U.S., the oil and gas industry has gained a greater understanding of the commercial potential of shale’s. Bundu considers that the gas shows encountered in the CR 1/68 well are encouraging and must be further explored. Final decision is expected in October 2012.

Cranemere project is surrounded by (Technical Co-operation permits) by Shell, Falcon Oil & Gas and to the north by Cheasapeake – Statoil.

Operators:

Challenger Energy: Operator with 100% interest
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