Cooper announced that the Parsons-5 appraisal/development well in PEL92 spudded at 3:00 am Friday, June 24, 2011. PEL92 lies in the north of South Australia on the western margin of the Cooper Basin. The current operation is drilling the surface hole.
Parsons-5 is targeting the Namur oil reservoir and is to be located 2.1 km to the north of the Perlubie-1 and 1.1 km to the south of Parsons-4 discovery wells. The well will be drilled to a total depth of about 1,358 meters and is expected to take approximately 8 days to drill and complete.
The Parsons South oil field is currently producing about 50 barrels of oil per day from the Parsons-2 discovery well in the Namur reservoir. Parsons-5 will be drilled at the crest of the mapped structure of the field. The well is expected to more efficiently develop the field and accelerate production.
Most Popular Articles
From the Career Center
Jobs that may interest you