The well is being drilled as per the company’s drilling contract with Chinese operator Ansai Yuehua Oil Tech Company. The drilling operations are expected to take approximately 30 days.
DT-1 is the first exploration well to be spudded as part of Petro Matad’s 2010 drilling program on its production sharing contract on Block XX in Eastern Mongolia, one of three exploration blocks owned and operated by the company in Mongolia.
The company is contracting oilfield services group Weatherford to manage certain functions within the drilling program. Weatherford China will be engaged to acquire an advanced wireline log suite and Weatherford Laboratories, based in Houston, Texas, will be used for petrologic and geochemical analysis.
Waanders Palynology Consulting, based in California, will be engaged to undertake biostratigraphic analysis of well samples.
