Drilling Rig Contracted for Paris Basin Shale Oil Six-Well Program

abarrelfullabarrelfull wrote on 12 Nov 2010 08:24
Tags: france gas shale toreador

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Toreador Resources Corporation (NASDAQ: TRGL) today announced the following operational update:

On November 10, 2010, Toreador's strategic partner, Hess Oil France SAS (“Hess”), executed an agreement with KCA Deutag for the provision of drilling and related services for the initial six firm wells targeting the Liassic shale oil source rock system.

The first well in the series, which is forecast to be spud in January 2011, will be located on the Chateau Thierry exploration permit. The well will be drilled vertically to an expected total depth of 3,000 meters. The primary geologic target of the well is the Liassic section, the top of which is expected to be encountered at an approximate depth of 2,300 meters.

Conventional cores will be taken throughout the Liassic section to evaluate reservoir and rock properties.

The Eurorig class land drilling rig T-208 drilling will be used for the operations. It is a 1,550 hp, top-drive unit that will be mobilized from northern Spain and will be capable of drilling vertical and horizontal wellbores. The T-208 is designed to be in compliance with the latest European regulations, has low emissions, and a high degree of automation.

Toreador will remain operator of record in the near-term while drilling operations are carried out under Hess's supervision.


Toreador Resources Corporation is an independent international energy company engaged in the acquisition, development, exploration and production of natural gas and crude oil. The company holds interests in developed and undeveloped oil properties in France. The company’s website, www.toreador.net, provides more information about Toreador.

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