Australia's Senex Energy said Friday that it has struck oil at its Cuisiner-5 well on PLA 303 on the Barta Block onshore Queensland.
The well was drilled to 5,745 feet (1,751 meters) on June 13, 2012, and oil was discovered in the oil-bearing sands of the Murta Formation over the interval of 5,354 to 5,397 feet (1,632 to 1,645 meters) with an estimated net oil pay of 7 feet (2 meters).
The well has been cased and suspended as a future oil producer.
Cuisiner-5 is the second of four wells that was drilled in the Barta Block.
Cuisiner-6, the next well on schedule, is expected to be spud this weekend followed by an exploration well.
Cuisiner-6 is sited almost one mile (1,300 meters) from the Cuisiner-1 discovery well. Drilling of the well is scheduled to start on June 23, 2012, targeting a depth of 5,755 feet (1,754 meters).
Australia's Santos holds a 60 percent operating interest in ATP 752 B, while Canada's Bengal holds a 25 percent operating interest. Senex holds the remaining 15 percent operating interest.
Senex has produced over 550,000 barrels of oil since January 1, 2011.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Related Companies
Digg It
Stumble it!
Newsvine
Del.icio.us
Technorati
Reddit
Facebook
