Uchenna Izundu
OGJ International Editor
LONDON, June 16 -- The Iti-1 well on Block 5 in Uganda failed to discover producible hydrocarbons after reaching a TD of 592 m, said operator Tower Resources PLC, London.
“Minor hydrocarbon shows were monitored during drilling, but evidence of limited quantities of oil in the lower-most target horizon remained ambiguous in the subsequent downhole well logs and pressure test data. Neither of these observations has any relevance to the commercial viability of this well but may have wider exploration significance,” the company said.
As a result, Tower Resources will not immediately drill another well on license EA5, preferring instead to evaluate data to identify another location.
Tower Chairman Peter Kingston said as the company’s acreage is large, there is a chance far better reservoir sand quality can be found elsewhere. “There is much to learn from this first well, which will help with future exploration activities on the license," he said.
This was the first well on the 6,040 sq km license in northern Uganda, and hopes were high following the success of Tullow Oil PLC’s and Heritage Oil drilling results on Blocks 1, 2, and 3 to the south of Tower’s Block 5. Tower’s area is at the northern end of the Albertine Graben.
Contact Uchenna Izundu at [email protected].