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Division approves Winx 1 operation plan
Australian consortium of 88 Energy, Otto Energy, Red Emperor Resources, drilling on acreage currently held by Great Bear Petroleum
Kristen Nelson Petroleum News
The Alaska Division of Oil and Gas has approved the lease plan of exploration for the Winx 1 exploration well. In a Dec. 14 letter to Great Bear Petroleum, the operator of record at Winx, the division said the proposed schedule called for ice pad construction in January, rig and camp mobilization in the first two weeks of February and drilling and testing the Winx 1 well beginning in mid-February.
The well will be drilled from a 750 foot by 250-foot ice pad, an area of about 4.3 acres. Some 10.7 miles of ice road will be required. There will also be an ice staging pad constructed at the start of the temporary winter road adjacent to the Drill Site 2P access road.
The well is projected to be as deep as 12,000 feet true vertical depth to test stacked conventional Nanushuk formation objectives. The division said the well may be tested and hydraulically stimulated and flow tested, and may include lateral, sidetrack or additional penetrations from the same exploration wellbore.
The well would be plugged and abandoned or suspended.
It will be drilled on ADL 391720.
Australian consortium An Australian consortium of companies - 88 Energy Ltd., Otto Energy and Red Emperor Resources - are drilling Winx 1.
In a Dec. 17 statement 88 Energy Ltd. said it was the drilling manager on the project and said all major permits except the permit to drill have been received. The application for the drilling permit will be submitted prior to the end of the year, 88 Energy said, with approval expected in January, prior to the February spud date.
The company said preparations for ice road and pad construction are underway.
88 Energy said in late August that its wholly owned subsidiary Captivate Energy Alaska had contracted the Nordic-Calista Services rig 3 to drill the Winx well and said at that time that Otto Energy had used seismic data acquired from the division to identify a prospect at a depth of some 5,000 feet in the Nanushuk.
Otto said in a Dec. 17 statement that it is paying 25 percent of the well costs to earn 22.5 percent working interest, and said 88 Energy has 36 percent interest, Red Emperor has 31.5 percent and Great Bear, currently the operator of record on the leases, has a 10 percent interest. Great Bear has the opportunity to back-in for an additional 10 percent interest. If that occurs, Otto said, working interest would be Otto 20 percent, 88 Energy 32 percent, Red Emperor 28 percent and Great Bear 20 percent.
Red Emperor Resources said Dec. 17 that the Winx prospect is a 3D seismic defined conventional oil prospect in the successful Nanushuk play fairway with a gross mean unrisked prospective resource of 400 (million barrels) adjacent to the Horseshoe 1/1A discovery well drilled in 2017.
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