Senex Energy Ltd. and Planet Gas Ltd. are commencing a two-well drilling program within PEL 514 in the South Australian Cooper Basin, a press release said.
Subject to final approvals, the program includes the drilling of two wells, Hathi-1 and Bagheera East-1, back to back. Hathi-1 is scheduled for spudding on or around Sept. 9.
The Hathi-1 vertical exploration well is located in the northwest of PEL 514 situated about 19 km (12 miles) northeast of the Tarragon oil field. The Hathi prospect has been mapped as a four-way closure at multiple horizons using data from the recently recorded Dundinna 3-D seismic survey.
The exploration well will be drilled to a total depth of approximately 2,530 m (8,300 ft) to test the oil potential of the Tinchoo Formation with the Poolowanna and Birkhead formations and the
Hutton Sandstone as secondary targets.
The Bagheera East-1 vertical exploration well also is located in the northwest of PEL 514 situated approximately 10 km (6.2 miles) northeast of Hathi-1. The Telopea Field and the Keleary Field are located 13 km (8 miles) and 10 km respectively southeast of Bagheera East.
From the Dundinna 3-D seismic survey analysis, the Bagheera East prospect is a structural trap mapped as a four-way dip closure.
The exploration well will be drilled to a total depth of approximately 2,510 m (8,235 ft) to test the oil potential of the Tinchoo Formation with the Poolowanna and Birkhead formations and
the Hutton Sandstone as secondary targets.
The drilling program forms part of a second farm-in agreement with Senex of May 2013. Planet Gas holds a 20% project interest in PEL 514, while Senex holds an 80% interest and is the operator. The Planet Gas project interest, including the drilling and completion of Hathi-1 and Bagheera East-1, is free carried by Senex.
Recommended Reading
Iraq to Seek Bids for Oil, Gas Contracts April 27
2024-04-18 - Iraq will auction 30 new oil and gas projects in two licensing rounds distributed across the country.
Vår Energi Hits Oil with Ringhorne North
2024-04-17 - Vår Energi’s North Sea discovery de-risks drilling prospects in the area and could be tied back to Balder area infrastructure.
Tethys Oil Releases March Production Results
2024-04-17 - Tethys Oil said the official selling price of its Oman Export Blend oil was $78.75/bbl.
Exxon Mobil Guyana Awards Two Contracts for its Whiptail Project
2024-04-16 - Exxon Mobil Guyana awarded Strohm and TechnipFMC with contracts for its Whiptail Project located offshore in Guyana’s Stabroek Block.
Deepwater Roundup 2024: Offshore Europe, Middle East
2024-04-16 - Part three of Hart Energy’s 2024 Deepwater Roundup takes a look at Europe and the Middle East. Aphrodite, Cyprus’ first offshore project looks to come online in 2027 and Phase 2 of TPAO-operated Sakarya Field looks to come onstream the following year.