World of oil and gas ///

Shell and Petromanas Energy have announced positive test results from the Shpirag-2 well in Block 2-3, which covers a 3,450-sq-km area onshore south-central Albania. The well was drilled by the operator, Petromanas, to a TD of 5,553 m. Based on the previously drilled Shpirag-1 and test results from Shpirag-2, Petromanas and Shell believe they have identified an oil column in excess of 800 m, in fractured carbonate reservoirs, providing early validation of the block’s light oil potential. During a three-day extended test period, the well flowed at rates of 800 to 1,300 bopd of 35° to 37° API oil. A 450-km, 2D seismic program for Block 2-3 is in progress, and is expected to conclude before the end of the year. The first appraisal well is planned after completion of a second exploration well, which is currently drilling. Petromanas has a 25% working interest in Block 2-3 and is the operator, with Shell holding the remaining 75% working interest. The JV was established in February 2012. Photo courtesy of Petromanas Energy.

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