Hawkeye-1 disappoints

Otto Energy’s Hawkeye-1 exploration well, offshore Palawan basin in the Philippines, has been drilled to the planned total depth of 2920m. The top reservoir was intersected at 2710m. Hydrocarbons were logged between 2710m and 2737m in reservoir of variable quality and cutting returns provided indications of fluorescence, usually an indicator of liquid hydrocarbons. Below 2737m water was inferred from log observations in a reservoir sequence of good quality. All measurements are from the rig rotary table. Hawkeye-1 will now be plugged and abandoned. 

The drilling program has been executed smoothly, ahead of schedule and ahead of budget. Otto is fully carried on the cost of drilling Hawkeye-1. 

“The Hawkeye-1 exploration well has proven the existence of hydrocarbons in SC55. The hydrocarbon size discovered is however at the very low end of expectations and is not economic to develop," said Matthew Allen, Otto’s managing director and CEO. "Otto will now incorporate the results from the well into our understanding of the other prospects, including Cinco, in the license which potentially share the same charge source. Otto is preparing for the upcoming exploration programs in our Alaskan and Tanzania assets. Whilst the result at Hawkeye is disappointing, Otto is a well-funded explorer with high impact exploration activity in the coming twelve months.” 

Image: Hawkeye-1 map/Otto Energy

Read more

Otto spuds Hawkeye-1

Otto mobilizes Maersk Venturer

Current News

Incat Crowther-Designed CTV Ready to Set Sail for Japanese Operator

Incat Crowther-Designed CTV Re

MHI, SBM to Study Application of CO2 Capture Modules for Petrobras’ FPSOs

MHI, SBM to Study Application

TotalEnergies Inks 15-Year LNG Supply Deal for Dominican Republic

TotalEnergies Inks 15-Year LNG

Fugro Cuts Jobs and Scales Back US Operations

Fugro Cuts Jobs and Scales Bac

Subscribe for OE Digital E‑News

Offshore Engineer Magazine