Senex Energy Limited introduced a Cooper Basin oil discovery from the primary properly of its FY19 drilling marketing campaign, Breguet-1. The Breguet-1 oil exploration properly is positioned in ex PEL 104 (Senex 60% and operator, Beach Energy 40%), roughly 1.6 kilometres west of the manufacturing Spitfire oil discipline. The properly was recognized from the merged Liberator 3D seismic survey and was drilled to check sandstones of the Birkhead Formation inside a four-way structural closure. Breguet-1 encountered elevated fuel readings and oil reveals throughout the goal formation. Preliminary analysis of logs signifies internet pay of as much as 5.7 metres inside an 18.5 metre gross oil column. A wireline formation check was carried out throughout a depth of 1,673 to 1,689 metres which indicated the presence of movable oil. The properly is being cased and suspended and is predicted to be positioned on manufacturing in Q2 FY19 through a flowline to current infrastructure. Preliminary analysis of outcomes has supplied encouragement for potential follow-up appraisal drilling between the Breguet and Spitfire fields. Commenting on the oil discovery, Senex Managing Director and CEO Ian Davies stated: “We are delighted to have made this oil discovery from the primary properly of our FY19 drilling marketing campaign. The agency ten properly FY19 marketing campaign presents an thrilling alternative to drive development and worth from our western flank acreage, with a mixture of exploration, appraisal and horizontal improvement wells.” In April 2018 Senex agreed with Beach Energy to switch as much as $43 million of free-carry dedication from the three way partnership’s unconventional fuel venture to the Senex operated Cooper Basin western flank oil property. This free-carry shall be utilized to the FY19 drilling marketing campaign.
Senex holds an in depth acreage place throughout the South Australian and Queensland Cooper Basin, with round 15,000 sq. kilometres thought of potential for typical and unconventional (tight) oil. The Cooper Basin is thought to be a low price producing area and is under-developed by world requirements. (Source and picture: Senex/Senex drilling operation within the Copper Basin)

The submit SENEX ANNOUNCES BREGUET-1 DISCOVERY IN THE COOPER BASIN appeared first on Energy Global News.

Read more at Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here