Partners to Drill Roc-1 Well Off Western Australia with Jackup in 4Q 2015

Prospect mapping within the Zeester MC3D area is expected to be complete before the end of this year. Prospect generation within the Phoenix MC3D area is anticipated to be complete by early 2016. Prospect mapping for the Bilby MC2D and Capreolus MC3D areas are not expected to be complete until mid to late 2016 or possibly early 2017.

Technical Work

The Quadrant led joint venture continues to work through post-well analysis of the Phoenix South-1 well and the surrounding wells in the permit. This work addresses many geological aspects including reservoir development and quality, the type and potential source of the oils discovered and where it may occur further in the permit. The amount of technical work being undertaken to evaluate a newly discovered hydrocarbon province necessitates a more thorough evaluation than for more established basins such as the Carnarvon and Dampier sub basins within the North West Shelf.

Two broad areas of study are currently being undertaken – those related to regional work around understanding this new hydrocarbon province and secondly those related to the reservoir characteristics with a view to understanding the potential development of the Phoenix South oil discovery and other prospective oil reservoirs in the province.

For the former, fluid inclusion studies are complete on all the previously drilled wells in the region which, when finalized around the middle of this year, will be incorporated into regional interpretation.

Along with petroleum system modelling and newly acquired seismic data, this will generate regional mapping and ultimately a portfolio of prospects across the Phoenix Blocks.

For the Phoenix South discovery, “special core analysis” (SCAL) is ongoing and expected to be complete by the end of calendar 2015. This allows for better delineation of the flow characteristics and recovery from the reservoir rock.

This work will be integrated into static and dynamic computer models with a view to having a better handle on the range of possible recoverable oil by the end of this year.


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