Origin to Assess Development Options for Speculant-1 Well in Otway Basin

Origin Energy Limited announced Wednesday that the Speculant-1 exploration well in permit VIC/L1(v) permit in Otway Basin, offshore Victoria, Australia, which was spud at 04.00 hours EST Sept. 23, 2014, had reached total depth of 16,132 feet (4,917 meters) MDRT (Measured Depth Below Rotary Table).

As announced Dec. 9, 2014, the Speculant-1 exploration well had encountered potentially commercial quantities of gas in primary target Waarre Formation reservoirs in the Otway Basin, offshore Victoria.

Preparations are being made to suspend the Speculant-1 exploration well while development options for the resource are assessed.

Well Type and Location

The Speculant-1 exploration well is situated approximately 1.86 miles (3 kilometers) off the southern Victorian coastline, about 18.64 miles (30 kilometers) south east of Warrnambool. Extended reach drilling technology is being employed to access offshore gas reservoirs. The well was drilled using the rig Ensign 931 in conjunction with the development drilling of the Halladale field. Origin has 100 percent ownership of the Speculant-1 well permit.

WHAT DO YOU THINK?

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
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Packer
Expertise: Storeman|Warehouse Person
Location: Lovell
 
Drivers
Expertise: Heavy Machinery Operator|Rig Mover|Truck / HGV Driver
Location: Midland, TX
 
Class A CDL Drivers INTERVIEW OPPORTUNITY
Expertise: Motorman
Location: San Antonio, TX
 
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours