Beach Discovers Oil at Butlers Well
Wednesday, April 13, 2011
Beach Energy Ltd.
Beach had its third success from as many wells in its 16 well operated program in the Western Flank of the Cooper Basin with the Butlers-2 well encountering a five meter oil column. The Butlers-2 well is located 950 meters NE of the Butlers-1 discovery well.
The Butlers-2 oil column was encountered in the Namur Sandstone reservoir and was consistent with pre-drill expectations. The large step-out will result in an upgrade of recoverable oil reserves from the Butlers Field of approximately 1.5 million barrels (gross), subject to remapping and a detailed review of the well data. Beach will announce a firmer reserve assessment as appropriate data becomes available.
Butlers-2 is is expected to be on-line around mid-July after completion of the new Butlers oil facility. Oil from the Butlers Field is transported from the Western Flank by flowline to Moomba. The success at Butlers-2 is likely to lead to additional development drilling in the Butlers Field. The Ensign#30 rig will now be moved to the Butlers-3 development well location which is located about 320 meters to the NW of Butlers-1.
Participants in PEL 92 are:
* Beach 75% (Operator)
* Cooper Energy Limited 25%
Showing posts with label pre-drill. Show all posts
Showing posts with label pre-drill. Show all posts
Wednesday, April 13, 2011
Friday, April 1, 2011
Cooper Confirms Oil Column at Parsons Well
Cooper Confirms Oil Column at Parsons Well
Friday, April 01, 2011
Friday, April 01, 2011
Cooper Energy
Cooper announced that Parsons-4, the second well in the 2011 PEL92 area drilling campaign, was drilled to a total depth of 1,413 meters and wireline logs have confirmed that it has intersected a 5.5 meter oil column in excellent quality Namur sandstone, which is in line with pre-drill expectations.
Preparations are currently underway to case and suspend the well. The well will be tied-back to the Parsons production facilities at a later date and will provide an additional drainage point for the Namur oil reservoir to the south of the Parsons-1 discovery well.
The impact on production rates and reserves will be assessed once the full results of the current Parsons appraisal/development drilling program have been evaluated and production rates from the new development wells have been established.
The next well in the eleven well drilling program is Butlers-2, an appraisal/development well located about 1 km to the northeast of the Butlers-1 discovery well. The details pertaining to Butlers-2 will be announced when the well spuds.
Preparations are currently underway to case and suspend the well. The well will be tied-back to the Parsons production facilities at a later date and will provide an additional drainage point for the Namur oil reservoir to the south of the Parsons-1 discovery well.
The impact on production rates and reserves will be assessed once the full results of the current Parsons appraisal/development drilling program have been evaluated and production rates from the new development wells have been established.
The next well in the eleven well drilling program is Butlers-2, an appraisal/development well located about 1 km to the northeast of the Butlers-1 discovery well. The details pertaining to Butlers-2 will be announced when the well spuds.
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