Strike Energy Limited (Strike) revealed Wednesday that the Southern Cooper Basin Gas Project appraisal drilling program in Petroleum Exploration License (PEL) 96 in South Australia has been successfully completed. The results obtained from the Le Chiffre 1 and Klebb 1 wells have materially de-risked key parameters underpinning project resource and cost estimates ahead of the next stage of the project’s commercialization.
The Klebb 1 well was drilled to a total depth of 7,194 feet (2,193 meters) and cased using premium casing to allow for future fracture stimulation and flow testing.
Wireline logs have shown over 475 feet (145 meters) of net coal was encountered in the well.
In particular, 292 feet (89 meters) of coal was observed in the Patchawarra Formation, including one continuous 111 feet (34 meters) thick seam and two other seams each over 49 feet (15 meters) thick.
Notable increases in gas readings were recorded while drilling through coals encountered in the well. The increase in gas readings with depth was consistent to that observed in the Le Chiffre 1 well.
While data obtained from the Le Chiffre 1 and Klebb 1 wells will continue to be analyzed through 1Q 2014, preliminary results confirm:
A comprehensive completion, testing and production optimization program is currently being developed. The program’s main objective is to determine a development plan for the resource and will involve a series of drilling, completion and production trials to optimize project economics.
View Full Article
WHAT DO YOU THINK?
Click on the button below to add a comment.
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.
Most Popular Articles
From the Career Center
Jobs that may interest you