Beach Energy Spuds Bungaloo-1 Well in PEL 494 in Otway Basin
Cooper Energy Ltd. reported Tuesday that Bungaloo-1, the second of two deep wells targeting the Casterton Formation within the Penola Trough of the onshore Otway Basin, South Australia was spudded in PEL 494 at 12:30 April 19 by Ensign rig 916. At 06:00 today the well was at a depth of 2,024 feet (617 meters) in the Eumeralla Formation and running in hole with 13.375 inch casing in accordance with the drilling program.
Bungaloo-1 will, like the preceding well Jolly-1, have the primary objective of assessing the oil and gas potential of shales within the Casterton Formation. Bungaloo-1 is expected to be drilled to a total depth of 12,063 feet (3,677 meters) and collect over 328 feet (100 meters) of conventional core. The well will also assess the sands of the Lower Sawpit which were gas-bearing in Jolly-1. It is anticipated that Bungaloo-1 will intersect the Casterton Formation approximately 1,640 feet (500 meters) shallower than Jolly-1, which was drilled to a total depth of 13,208 feet (4,026 meters) in April 2014.
Bungaloo-1 is located in permit PEL 494, 8.67 miles (14 kilometers) north-west of Jolly-1.
The drilling and completion of Bungaloo-1 will conclude the current drilling program in the Otway Basin.
Participating interests in PEL 494 and PRL 32 are:
- Cooper Energy: 30 percent
- Beach Energy: 70 percent and Operator
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.
- ExxonMobil Racks Up Discoveries in Guyana Block Eyed by Chevron
- Oil Market Sentiment Has Improved Significantly
- EU, US Eye Collaboration on Nuclear Materials
- USA Driving Activity to Increase to All-Time Highs
- EU Electricity Export to Ukraine Up 94 Percent in Two Years
- China Coal Output Falls for First Time since Government Ordered More
- TC Energy to Sell Prince Rupert Gas Pipeline Project to First Nation
- BP Pulse Buys One of Europe's Largest Truck Stops
- UK CCUS Plans Outdated: Think Tank
- I Squared Eyes Full Ownership of Europe Gas Storage Firm
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- Rystad Looks at the Buzz Around White Hydrogen
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension