InterOil Updates on Antelope-5 Appraisal Well Drilling in PRL 15 in PNG
InterOil Corporation, an independent oil and gas company focused on Papua New Guinea (PNG), disclosed Monday that the Antelope-5 appraisal well in Petroleum Retention License 15, in the Gulf Province of PNG, has intersected the top reservoir at 5,032 feet (1,534 meters)* at a position that was 755 feet (230 meters) higher than the operator’s reference case.
Casing has been set and the plan is to drill ahead to evaluate the reservoir at Antelope-5. After reaching total depth it is planned to conduct an extended well test at Antelope-5 with pressure gauges monitoring pressure drawdown in other appraisal wells. This type of test gives a better idea of reservoir connectivity and productivity.
Antelope-5 is about 1.1 miles (1.8 kilometers) from Antelope-3 and is appraising the western extent of the Elk-Antelope field.
* true vertical depth, meters sub-sea, to be confirmed by logs
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.
- Exxon's South Pacific Gas Grab Derided By InterOil's Founder (Jul 26)
- Oil, Gas Companies Tighten Cash Flow at Expense of Future Growth (Jul 26)
- Oil Search Won't Counter Exxon Bid For Gas Explorer InterOil (Jul 21)