DT-2 is the second exploration well to be spudded as part of Petro Matad’s three well drilling program for 2010 on its production sharing contract on Block XX in Eastern Mongolia.
The DT-2 well is being drilled with the company’s contractor, the Chinese company Ansai Yuehua Oil Tech Company.
Drilling operations are expected to take approximately 25 days.
DT-2 is located approximately 930m south-southwest of DT-1, where the company encountered a 71m thick section of Tsagaantsav formation with oil shows and elevated mud gas over the entire interval.
Production tests will be carried out on one of three wells being drilled this year.
The 2D seismic survey over Blocks IV and V is approximately two-thirds completed.
Preliminary interpretation of the field processed data has demonstrated that the basins are much deeper than inferred from the gravity data, and has confirmed the presence of structures which could form hydrocarbon traps.
