HOUSTON, Aug. 25, 2017 /PRNewswire/ -- Hyperdynamics
Corporation (OTCQX: HDYN) today provided an additional update on
the drilling status on the Fatala-1 exploration well offshore the
Republic of Guinea.
- After placing the 36-inch conductor casing into the sea floor,
the 26" hole was drilled to 3,829 meters below sea level, the
20-inch surface casing was run and cemented into place at a depth
of 3,820 meters below sea level, or 923 meters below sea bottom. We
successfully achieved a casing installation of less than one degree
off vertical inclination, providing a safe and solid foundation for
the installation of the blowout preventer (BOP).
- The BOP stack was successfully surface tested, connected to the
lower marine riser package and the first joints of the drilling
riser, then run through to the sea bottom; all control systems were
tested and are fully functioning.
- The BOP stack has been lowered onto the sea floor, latched onto
the 20-inch wellhead housing and will be pressure and function
tested before drilling out the 20-inch casing shoe.
- The casing shoe will be leak tested to verify that the cement
has been solidly set within the formation.
- This will be followed by drilling the 17½ inch hole to an
estimated depth of 1,678 meters below sea bottom, where the
13-3/8-inch casing will be set above the potentially
hydrocarbon-bearing intervals at a depth of approximately 1,980
meters below sea bottom.
"I'm pleased to report that we are nearly finished with the top
portion of the Fatala-1 well, which is the most difficult and
exacting portion of the well at this extreme water depth," said
Ray Leonard, President and Chief
Executive Officer of Hyperdynamics.
"In the final drilling stage, we will drill the 12-1/4 inch hole
through the interval that we believe holds the potential for a
world-class hydrocarbon discovery," he said.
Hyperdynamics is the operator and a 50-50 partner in this
exploration project with SAPETRO, an African focused privately held
oil and gas exploration and production company with a portfolio of
high-quality assets in West and East
Africa.
About Hyperdynamics
Hyperdynamics is an emerging independent oil and gas exploration
company that is exploring for oil and gas offshore the Republic of
Guinea in West Africa. To find out more, visit our
website at www.hyperdynamics.com.
Forward Looking Statements
This News Release contains "forward-looking statements" within
the meaning of Section 27 A of the Securities Act of 1933, as
amended, and Section 21 E of the Securities Exchange Act of 1934,
as amended. Forward-looking statements include statements
concerning plans, objectives, goals, strategies, expectations,
future events or performance and underlying assumptions and other
statements which are other than statements of historical facts.
Forward-looking statements generally can be identified by the use
of forward-looking terminology such as "may," "will," "expect,"
"plan," "project," "anticipate," "estimate," "believe," or "
think." Forward-looking statements involve risks and uncertainties
which could cause actual results or outcomes to differ materially
from those expressed in the forward-looking statements. We assume
no duty to update or revise our forward-looking statements based on
changes in plans or expectations or otherwise.
Contacts:
Ray Leonard
President and Chief Executive Officer
713-353-9445
Anne Pearson / Jack Lascar
Dennard-Lascar Associates
713-529-6600
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SOURCE Hyperdynamics