Australia-based Triangle Energy has recognized three key alternatives that might be drilled and developed from the prevailing Cliff Head Alpha platform offshore Western Australia.

Cliff Head platform; Source: Triangle Energy

Triangle stated on Thursday that the drilling alternatives have been
recognized throughout the now accomplished Cliff Head Renewal Project (CHRP).

According to the corporate, the whole variety of alternatives is
really 5, with two of them being longer-term growth prospects.

Of the three precedence drilling targets, the Mentelle Updip
prospect has the potential to materially affect the life-cycle of Cliff Head,
whereas West High and SE Nose might additionally present a major uplift in
manufacturing.

Triangle managing director Rob Towner stated: “It is agreeable that our work accomplished during the last 12 months or extra has led us to a degree the place we’ve got three clearly outlined, enticing, drilling alternatives. The subsequent steps for us are to begin the detailed effectively planning to execute these wells, throughout the constraints of the present oil value and trade down-turn.

The work we’ve got completed for the Cliff Head Renewal Project offers us a transparent image of how the under-explored Perth Basin might be developed round present infrastructure, extending the lifetime of the Cliff Head challenge”.

As a part of the Cliff Head Renewal Project, executed throughout the
second half of 2019 and the primary quarter of 2020, Triangle undertook a variety
of sub-surface research to mature a number of beforehand recognized alternatives
which at the moment are contingent on an funding determination.

These included a evaluation of the mapping and reservoir
interpretation, reprocessing of the Cliff Head 3D seismic knowledge, depth
conversion research, and dynamic modelling of the sector and satellite tv for pc alternatives.

High-potential Mentelle Updip prospect

The Mentelle Updip prospect was reviewed with a deal with the reservoir
interpretation which had been a key uncertainty.

Work on the prospect signifies that good high quality Irwin River Coal
Measures sandstone reservoirs might be anticipated throughout the prospect and
confirmed the massive construction as beforehand mapped.

Best estimate potential sources have been upgraded to five.2 mmstb,
from three.three mmstb beforehand. The probability of discovery for Mentelle Updip is
assessed to be 38 per cent and a 34 per cent probability of a industrial discovery.

West High appraisal & growth

The West High appraisal and growth alternative is a possible
extension of the Cliff Head subject to a western end result.

It might be drilled by a deviated appraisal effectively from Cliff Head
platform and Mentelle Updip then accomplished as a manufacturing effectively within the occasion of
success. Triangle accomplished an in depth depth conversion evaluation utilizing the
reprocessed Cliff Head 3D seismic knowledge to cut back this key uncertainty with the
alternative.

A greatest estimate contingent useful resource of zero.95 mmstb is assessed for
West High. The development of West High contingent sources to reserves is
contingent on the drilling outcomes of a West High appraisal effectively.

SE Nose growth

SE Nose is a low reduction construction updip of the Cliff Head 1
discovery effectively. The depth conversion research additionally addressed the structural
uncertainty of SE Nose and confirmed the presence of a construction updip of Cliff
Head 1.

SE Nose is assessed to have greatest estimate contingent sources of 1.01 mmstb with the conversion to reserves depending on a proper Cliff Head JV approval of a growth effectively.

The firm additionally recognized the longer-term Catts and Far North prospects. Catts, instantly north of SE Nose was recognized by the depth conversion work with greatest estimate potential sources assessed to be zero.77 mmstb with a 45 per cent probability of discovery – and a 35 per cent probability of a industrial discovery.

Far North is a doable structural end result on the northern
restrict of the sector that’s indicated by upside situations of the depth
conversion work. It is in its early phases of analysis with a…

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