Beach Energy Spuds Jolly-1 Well in PEL 495 in Otway Basin

Australia's oil and gas exploration and production firm Cooper Energy Limited announced Monday that Jolly-1, the first of two deep wells targeting the Casterton Formation within the Penola Trough of the onshore Otway Basin in South Australia, was spud in petroleum exploration license (PEL) 495 Jan. 11 by the Ensign 916 rig. At 6:00 am Jan. 13 the well was preparing to run 13.375 inch surface casing.

The primary objective of Jolly-1 is to assess the unconventional oil and gas potential of shales within the Casterton Formation through drilling to a prognosed total depth of 13,123 feet (4,000 meters) and collecting over 328 feet (100 meters) of conventional core. It is anticipated that the well will intersect the Casterton Formation approximately 3,280 feet (1,000 meters) deeper than the Sawpit-2, which was drilled to a total depth of 8,480 feet (2,585 meters) in March 2013. The Casterton Formation is considered to be the primary source rock for the existing conventional gas/condensate fields in the Penola Trough.

Jolly-1 is within South Australian exploration permit PEL 495 4 miles (6.5 kilometers) south south-west of Sawpit-2, which was drilled in 2013.

The well has an anticipated duration of 57 days. After completion of Jolly-1 the rig will move to petroleum retention license (PRL) 32 to drill Bungaloo-1, the second of two wells in the program.

Participating interests in the PEL 495 and PRL-32 are:

  • Cooper Energy (30 percent)
  • Beach Energy (70 percent)


Click on the button below to add a comment.
Post 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.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Expertise: Floorhand / Roughneck|Roustabout
Location: Grand Junction, CO
Remote Paramedic w/ Clerking Experience
Expertise: Paramedic / Nurse|Rig File Clerk|Safety Officer
Location: GOM, TX
Casing Crew Pusher
Expertise: Floorhand / Roughneck|Roustabout
Location: Oklahoma City, OK
search for more jobs

Brent Crude Oil : $50.2/BBL 3.29%
Light Crude Oil : $47.89/BBL 3.34%
Natural Gas : $2.94/MMBtu 1.37%
Updated in last 24 hours