Major Gas Find at Apache's Zola Well
Apache has made a large gas discovery in the Zola-1 exploratory well on the North West Shelf of Australia.
The Zola-1 discovery well and the subsequently drilled sidetrack appraisal well Zola-1/ST-1 have confirmed the existence of sandstone layers with 427 feet (130 meters) of net gas pay in an area south of the giant Gorgon gas field, stated Apache.
Apache is requesting new 3D seismic data to further assess the potential of the discovery, which is expected to commence in mid-2011. The sidetrack appraisal well to the discovery well was drilled to a total depth of 15,463 feet (4,713 meters). An extensive wireline measurement and pressure testing program confirmed the presence of gas within several high quality sands of the target Triassic Mungaroo formation.
Both wells, drilled in a water depth of 935 feet (285 meters), will be plugged and abandoned. Apache operates WA-290-P, located offshore Western Australia, owning a 30% interest; Nippon Oil Exploration owns 25%; OMV Australia owns 20%; Santos Offshore owns 15%; and Tap owns 10%.SubseaIQ provides focused, in-depth coverage of offshore field development activities around the world, with daily updates on hundreds of offshore fields and facilities. Click here to sign up for the free weekly email newsletter.
Operates 4 Offshore Rigs
- Apache Raises North America Output Forecast, Swings To Profit (May 04)
- Oil Producer Apache Posts Smaller-Than-Expected Loss (Nov 03)
- Trade Group Oil & Gas UK Makes 4 Board Appointments (Oct 04)
Company: OMV more info
- OMV Flags Higher 3Q Margins, Kurdistan Windfall (Oct 13)
- Gas Pipeline Through Central Europe to Go Ahead As Planned -Romania (Sep 28)
- Austria's OMV Moves Workers In Tunisia Over Gas Field Protests (May 04)