BHP Billiton Strikes Oil Offshore Australia
BHP Billiton
BHP Billiton has made an oil discovery with its exploration well Ravensworth-1 within WA-155-P(1) in the Exmouth Sub-Basin, offshore Western Australia.
The well has reached a measured depth of 1432 metres. From BHP Billiton's preliminary interpretation Ravensworth-1 encountered a gross oil column of 37 meters and a gross gas column of 7 meters with 43.5 meters of net pay in the Lower Barrow Group sandstone reservoir.
The Ravensworth-1 discovery is located 45 kilometers north-northwest of Exmouth, off the West Australian coast, in 209 meters water depth. The significance of the well will be assessed following further evaluation of drilling results and acquisition of core across the hydrocarbon column in a sidetrack well at the conclusion of wireline logging operations.
Australia Operated Asset Team Leader Mike Ollis said Ravensworth-1 is in an area where there have been a number of recent discoveries made by the industry.
"This result would translate into a small to medium oil accumulation. Ravensworth-1 is located approximately 10 kilometers southeast of Woodside's Vincent oil and gas discovery, and is in the potentially important and emerging oil province of the Exmouth Sub-basin of the Carnarvon Basin," Mr Ollis said.
"Ravensworth-1 continues the success of BHP Billiton Petroleum's exploration activities in the Exmouth Sub-basin. Earlier this year BHP Billiton Petroleum, as operator of neighbouring WA-255-P, discovered the Stybarrow oil field, located 55 kilometers northwest of Exmouth," Mr. Ollis said. Drilling on Ravensworth-1 commenced on July 15, 2003 using Transocean's semisub, Sedco 703.
BHP Billiton owns a 39.999% interest and is the operator of WA-155-P(1) with Apache (31.501%) and INPEX (28.500%).
The well has reached a measured depth of 1432 metres. From BHP Billiton's preliminary interpretation Ravensworth-1 encountered a gross oil column of 37 meters and a gross gas column of 7 meters with 43.5 meters of net pay in the Lower Barrow Group sandstone reservoir.
The Ravensworth-1 discovery is located 45 kilometers north-northwest of Exmouth, off the West Australian coast, in 209 meters water depth. The significance of the well will be assessed following further evaluation of drilling results and acquisition of core across the hydrocarbon column in a sidetrack well at the conclusion of wireline logging operations.
Australia Operated Asset Team Leader Mike Ollis said Ravensworth-1 is in an area where there have been a number of recent discoveries made by the industry.
"This result would translate into a small to medium oil accumulation. Ravensworth-1 is located approximately 10 kilometers southeast of Woodside's Vincent oil and gas discovery, and is in the potentially important and emerging oil province of the Exmouth Sub-basin of the Carnarvon Basin," Mr Ollis said.
"Ravensworth-1 continues the success of BHP Billiton Petroleum's exploration activities in the Exmouth Sub-basin. Earlier this year BHP Billiton Petroleum, as operator of neighbouring WA-255-P, discovered the Stybarrow oil field, located 55 kilometers northwest of Exmouth," Mr. Ollis said. Drilling on Ravensworth-1 commenced on July 15, 2003 using Transocean's semisub, Sedco 703.
BHP Billiton owns a 39.999% interest and is the operator of WA-155-P(1) with Apache (31.501%) and INPEX (28.500%).
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
- UK Oil Regulator Publishes New Emissions Reduction Plan
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- PetroChina Posts Higher Annual Profit on Higher Production
- McDermott Settles Reficar Dispute
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- 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
- USA Oil and Gas Job Figures Jump
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- 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