Western Wet Gas Fairway - Southend-1 exploration well spuds
Wednesday, Apr 18, 2012
Drillsearch Energy Limited (ASX: DLS) is pleased to announce that after the success of Haslam-1 that Southend-1 the fifth and final well in the program has spudded on Tuesday 17 April 2012 at 14:00hrs. Drillsearch holds a 60% interest in PEL 107 and Beach Energy (ASX: BPT) as Operator holds 40%.
The Southend-1 wet gas exploration well is located approximately 6.9km south, south east of the Haslam-1 wet gas discovery and 5.3 km south west of the prolific Raven wet gas field. Its primary target is the intra-formational sands of the Permian Patchawarra Formation. The Toolachee Formation and Tirrawarra Sandstone are considered secondary targets for wet gas. Drilling will be to a total depth of 2,912mRT and it is expected that the drilling will take 14-18 days.
Southend-1 is estimated to have P10 High-side Gross Recoverable Prospective Resource potential of up to 20.79 BCF sales gas and associated hydrocarbon liquids. Details of the Southend Prospect are set out in the attached Prospect Data Sheet and accompanying maps.
Southend-1 will be drilled as a conventional vertical well with wireline logging and possible testing planned after the well reaches total depth. The primary target zone in the Patchawarra Formation is expected to be penetrated ten days after spud.
Source: Drillsearch Energy
To access over 2,700 of the latest oil projects from across the world visit Projects OGP for free trial today
Other Oil & Gas News
- FTTN moves forward with Texas acquisitions as State’s oil production outpaces rivals
- Severstal to improve heavy plate quality for South Stream and Power of Siberia oil and gas projects
- Delek Group announces discovery of natural gas at the "Karish 1" exploratory well
- Max Petroleum Plc provide drilling update
- Tower Resources plc announces statement regarding the results of the Wingat-1 exploration well, Walvis Basin, Offshore Namibia
- Salamander announces North Kutei drilling insurance claim
- FMC Technologies awarded subsea equipment contract for Shell's Stones field
- Noble Energy announces Karish discovery in the Levant Basin offshore Israel