Yolla-4 Well Results & Upcoming Testing Program
Australian Worldwide Exploration
Australian Worldwide Exploration reports that preliminary interpretation of the wireline logs and pressure data for Yolla-4 indicates that the well encountered 3 main gas zones in the Eastern View Coal Measures, as anticipated. These intervals, between 2,882 – 2,914 meters, 2,962 – 2,985 meters and 3,149 – 3,165 meters (all measured depths (md)), confirmed that reservoir quality is excellent. Two cores were cut through the sequence, between 2,982.02 - 2,919.60 meters and 2,958.07 – 2,985.37 meters (md).
A shallower interval between 2,458 – 2,467 meters also encountered hydrocarbon shows, as reported on July 6. The interval was confirmed to be a small oil zone, which will be completed for future testing.
The reservoir net pay encountered at Yolla-4 was slightly less than the pre-drill expectations; however, the porosity and permeability measured in the core and via wireline logs was greater than expected. In addition, the well encountered a thin oil zone, which was a positive surprise within the well.
Following running and cementing the liner, the joint venture intends to perforate and complete the 3 main gas bearing sandstone reservoirs and the upper oil zone. Production tests will be conducted on all zones post completion. These results will be released to the ASX at the end of each test. The joint venture expects that the testing programme will be completed by the end of July, followed by the drilling of the Yolla-3 development well.
The Yolla field is located within the Tasmanian offshore production license, T/L1 approximately 95 kilometers southwest of Wilson's Promontory and 110 kilometers north of the Tasmanian coastline.
Following completion of the development drilling phase, the Ensco 102 drilling rig will be mobilized to drill the Trefoil-1 exploration well, approximately 40 kilometers west of Yolla.
Participants in T/L 1 are:
AWE Petroleum Pty Ltd ("AWE") 30.0%
Origin Energy Resources Limited (Operator) 32.5%
CalEnergy (Australia) Limited 20.0%
Wandoo Petroleum Pty Ltd 12.5%
Origin Energy Northwest Limited 5.0%
A shallower interval between 2,458 – 2,467 meters also encountered hydrocarbon shows, as reported on July 6. The interval was confirmed to be a small oil zone, which will be completed for future testing.
The reservoir net pay encountered at Yolla-4 was slightly less than the pre-drill expectations; however, the porosity and permeability measured in the core and via wireline logs was greater than expected. In addition, the well encountered a thin oil zone, which was a positive surprise within the well.
Following running and cementing the liner, the joint venture intends to perforate and complete the 3 main gas bearing sandstone reservoirs and the upper oil zone. Production tests will be conducted on all zones post completion. These results will be released to the ASX at the end of each test. The joint venture expects that the testing programme will be completed by the end of July, followed by the drilling of the Yolla-3 development well.
The Yolla field is located within the Tasmanian offshore production license, T/L1 approximately 95 kilometers southwest of Wilson's Promontory and 110 kilometers north of the Tasmanian coastline.
Following completion of the development drilling phase, the Ensco 102 drilling rig will be mobilized to drill the Trefoil-1 exploration well, approximately 40 kilometers west of Yolla.
Participants in T/L 1 are:
AWE Petroleum Pty Ltd ("AWE") 30.0%
Origin Energy Resources Limited (Operator) 32.5%
CalEnergy (Australia) Limited 20.0%
Wandoo Petroleum Pty Ltd 12.5%
Origin Energy Northwest Limited 5.0%
RELATED COMPANIES
Most Popular Articles
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- UK Oil Regulator Publishes New Emissions Reduction Plan
- PetroChina Posts Higher Annual Profit on Higher Production
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- McDermott Settles Reficar Dispute
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- USA Oil and Gas Job Figures Jump
- Blockchain Demands Attention in Oil and Gas
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Equinor Makes Discovery in North Sea
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension