Carnarvon Petroleum Limited confirmed that the Quadrant-Carnarvon Joint Venture has made extra oil discoveries within the Crespin and Milne Members of its Dorado-1 effectively. The outcomes, which comply with the completion of the wireline analysis, are along with these introduced on 18 and 24 July 2018. Carnarvon’s Managing Director, Adrian Cook stated the most recent outcomes make the Dorado end result all of the extra spectacular. “The oil found within the Caley Member may be very vital when it comes to its possible scale and in proving that this play works within the basin. Discovering extra oil within the Crespin and Milne Members makes this a very unimaginable discover, for Dorado and for related buildings close by which were recognized in Carnarvon and Quadrant’s prospect record.” Mr Cook stated. Light oil has been recovered from the Crespin Member containing a gross hydrocarbon package deal of 50 metres and a internet oil pay thickness of 22 metres. The high quality of the reservoir encountered was higher than pre-drill estimates with common porosities of 14 per cent. Light oil was additionally recovered from the Milne Member containing a gross hydrocarbon package deal of 30 metres and a internet pay thickness of 18 metres. The common porosity of 13 per cent was additionally higher than the pre-drill estimates. Pressure knowledge has confirmed that the Dorado construction accommodates a number of oil columns within the Caley, Crespin and Milne Members and a fuel and condensate column within the Baxter Member, aggregating to a complete internet hydrocarbon pay of 132 metres. The Caley, Baxter and Milne sands didn’t encounter any water, whereas the decrease part of the Crespin sand accommodates an interpreted water contact. “With drilling and analysis of the Dorado-1 effectively now accomplished, Carnarvon’s evaluation of the hydrocarbon volumes related to this discovery is now effectively underway.
The hydrocarbon volumes might be introduced to shareholders and buyers as quickly as doable.” Mr Cook stated.
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