Transeuro Energy finds potential gas in Armenia
Posted: 24 December 2007
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Independent E&P company, Transeuro Energy, involved in Armenia has located a potential gas zone after drilling the Kamir 1 well to the programmed total depth of 2,346 metres, the company has announced.
Located 65 kilometres west of Yerevan , near the Turkish border, a potential hydrocarbon gas zone was encountered between 950 metre and 1,150 metre with elevated values of methane, ethane, propane and butane identified on the mud log.
Elevated gas levels were also intersected below 2,300 metre but only contained carbon dioxide, the statement said.
According to the company’s official update, the forward plan is to plug back the deeper zone, run wire line logs and based on these results test the hydrocarbon potential of the shallow zone.
Subject to a successful test, a distribution and marketing network of pipelines for a fast and economical way to monetize the potential discovery is present within 3km. Armenia is a net importer of natural gas, imports were 1.685 billion cubic meter in 2005.
Transeuro Energy Corp. is involved in the acquisition of petroleum and natural gas rights, the exploration for, and development and production of crude oil, condensate and natural gas in Armenia , Canada and Ukraine . |
