The second planned extended well test began at the Antelope-5 well on petroleum retention license 15 in Papua New Guinea’s the Gulf Province, InterOil Corp. said Jan. 21.
Total E&P PNG Ltd., operator of the license, notified InterOil, the company said. The extended well test will flow Antelope-5 at about 50MMcf/d for about two weeks before being shut in to record the subsequent pressure buildup. Pressure gauges were placed in the well, and the test will last about one month.
The Antelope-6 appraisal well, located near the Antelope-3 well, was being prepared to drill to 1,120m (3,674 ft) true vertical depth, according to Total. This well was spudded on Dec. 23, 2015, and has proposed total depth of about 2,464m (8,084 ft.
The PRL15 joint venture partners are discussing an additional appraisal well to the west of Antelope-5. The decision whether to drill it will follow the evaluation of Antelope-6 and the results of the latest flow test at Antelope-5.
InterOil Corp. is based in Singapore.
Recommended Reading
Matador Resources Announces Quarterly Cash Dividend
2024-04-18 - Matador Resources’ dividend is payable on June 7 to shareholders of record by May 17.
EQT Declares Quarterly Dividend
2024-04-18 - EQT Corp.’s dividend is payable June 1 to shareholders of record by May 8.
Daniel Berenbaum Joins Bloom Energy as CFO
2024-04-17 - Berenbaum succeeds CFO Greg Cameron, who is staying with Bloom until mid-May to facilitate the transition.
Equinor Releases Overview of Share Buyback Program
2024-04-17 - Equinor said the maximum shares to be repurchased is 16.8 million, of which up to 7.4 million shares can be acquired until May 15 and up to 9.4 million shares until Jan. 15, 2025 — the program’s end date.
NOV's AI, Edge Offerings Find Traction—Despite Crowded Field
2024-02-02 - NOV’s CEO Clay Williams is bullish on the company’s digital future, highlighting value-driven adoption of tech by customers.