Entek Energy Spuds Byrock-2

Entek Energy reports that the Byrock-2 exploration has been spud. The well is expected to take 10 days to drill and is located in ATP-269P in southwest Queensland, Australia.

BYROCK-2 will be drilled to approximately 2,060 mRT, with the primary objective being the Toolachee Formation and the secondary objective the Patchawarra Formation. This well is a follow-up to BYROCK-1 which recovered 14.5 barrels of oil on test from a five meter oil column in the Toolachee formation, before being plugged and abandoned in January 1986. At the time, the discovery was considered uncommercial; however current oil prices have changed the commerciality qualifications significantly.

In BYROCK-1, weak fluorescence was observed in the Patchawarra Formation.

Entek is earning equity in ATP-269P in a three-well staged drilling program. COOLUM-1, drilled in 2004 was the first of these wells. BYROCK-2 is the second earning well.

If BYROCK-2 is successful, Entek will earn 28.15% of production from the well (after deduction of royalty and operating costs). Beach Petroleum is the operator of the well.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
United States Evansville: Sr Field Engineer - Directional Drilling
Expertise: Directional Driller
Location: Evansville, WY
 
Expeditor
Expertise: Driller|Logistics Management|Materials Management
Location: Anchorage, AK
 
Rig Operator
Expertise: Rig Manager
Location: Odessa, TX
 
search for more jobs

Brent Crude Oil : $53.94/BBL 6.87%
Light Crude Oil : $51.06/BBL 3.27%
Natural Gas : $3.51/MMBtu 4.77%
Updated in last 24 hours