Apache Makes 3rd Exmouth Oil Discovery Offshore W. Australia
Apache
Apache reports that its Stickle-1 well has discovered oil within the WA-12-R
retention lease in the Exmouth Sub-Basin of the Carnarvon Basin offshore
Western Australia. It is Apache's third wildcat discovery in the play within
the last 10 months, with an oil column comparable to that of the two earlier
discoveries.
Drilled to a measured depth of 5,407 feet, the Stickle-1 encountered an 88-foot oil column in the Pyrenees member of the Cretaceous-age Barrow group. The oil pay was confirmed by logs, pressure readings and wireline oil recovery. Apache will forego the expense of testing the latest discovery, as reservoir characteristics of the Barrow group are well known in the area.
The Stickle-1 is in 640 feet of water approximately 28 miles north of Exmouth, off the Western Australian coast. It is located about three miles east of Apache's Ravensworth oil discovery and 1.7 miles east of the company's Crosby discovery, both of which were drilled last year.
"With the added success of the Stickle-1 to our two discoveries last year, the area has become a significant part of our future plans to grow Australia," said Apache CEO and President G. Steven Farris. "We intend to drill a fourth exploration well, the Harrison-1, along with appraisal wells around Ravensworth, Crosby and Stickle during the remainder of the quarter."
Apache owns a 28.57 percent working interest in the discovery. BHP Billiton, the operator, holds a 71.43 percent working interest.
Drilled to a measured depth of 5,407 feet, the Stickle-1 encountered an 88-foot oil column in the Pyrenees member of the Cretaceous-age Barrow group. The oil pay was confirmed by logs, pressure readings and wireline oil recovery. Apache will forego the expense of testing the latest discovery, as reservoir characteristics of the Barrow group are well known in the area.
The Stickle-1 is in 640 feet of water approximately 28 miles north of Exmouth, off the Western Australian coast. It is located about three miles east of Apache's Ravensworth oil discovery and 1.7 miles east of the company's Crosby discovery, both of which were drilled last year.
"With the added success of the Stickle-1 to our two discoveries last year, the area has become a significant part of our future plans to grow Australia," said Apache CEO and President G. Steven Farris. "We intend to drill a fourth exploration well, the Harrison-1, along with appraisal wells around Ravensworth, Crosby and Stickle during the remainder of the quarter."
Apache owns a 28.57 percent working interest in the discovery. BHP Billiton, the operator, holds a 71.43 percent working interest.
RELATED COMPANIES
Most Popular Articles
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- UK Oil Regulator Publishes New Emissions Reduction Plan
- 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
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- 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
- Equinor Makes Discovery in North Sea
- Standard Chartered Reiterates $94 Brent Call
- India Halts Russia Oil Supplies From Sanctioned Tanker Giant
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- Centcom, Dryad Outline Recent Moves Around Red Sea Region
- PetroChina Set to Receive Venezuelan Oil
- Czech Conglomerate to Buy Major Stake in Gasnet for $917MM
- US DOE Offers $44MM in Funding to Boost Clean Power Distribution
- Oil Settles Lower as Stronger Dollar Offsets Tighter Market
- 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?
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension
- Equinor Makes Discovery in North Sea