Drilling in 2014 puts Nexen in great shape for next year in northeastern B.C.’s Cordova basin: Nexen’s drilling team finishes ahead of schedule with no HSE&SR incidents

9-1Nexen – a CNOOC Limited company – and our joint-venture partner INPEX Gas British Columbia Ltd., have wrapped up a highly successful drilling season in the Cordova basin in northeastern British Columbia. With no injuries, environmental incidents or regulatory compliance issues, the project – a three-well pad – was a huge success.

The project began with the moving of a Nabors rig to Cordova from Dilly Creek in early January 2014. Drilling set a new record for Cordova/Dilly Creek wells. Once the drilling team completed their tasks, the completions team took over. All work was finished before the end of March 2014. It was critical to keep to the schedule – or beat it – due to Cordova’s swampy conditions in non-winter seasons.

“The work done this winter puts us in great shape for next year,” says Bruce Garland, Nexen’s manager, drilling & completions shale gas. “Completions will come in next winter and execute operations of their own to gain valuable reservoir information so that we can further understand the potential of the Cordova basin.

“We’re really proud of the Cordova team. They ticked off all the boxes, especially in safety, environment and regulatory categories.”

Cordova is adjacent to the Horn River Basin — one of the most prospective shale gas fields in North America – where Nexen began acquiring large blocks of high-quality acreage in 2006. In 2010, Nexen purchased more land in the nearby Cordova and Liard basins, bringing its total land position to approximately 300,000 acres growth.

The calibre of Nexen’s resource base and operating expertise were underscored by the joint-venture agreement announced in 2011 with a consortium led by INPEX Corporation of Japan. Third-party evaluators have estimated that Nexen’s joint-venture lands in the Horn River and Cordova basins hold between four trillion and 15-trillion cubic feet of recoverable contingent resources, and the Liard joint-venture lands contain an estimated five to 23 trillion cubic feet of prospective resources.

 

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