Australia's Norwest Energy Updates on Operations at its Upstream Assets
The operator has a contingent rig slot secured for the drilling of Lockyer Deep in mid 2016 subject to funding and government approvals.
Should Lockyer Deep be successful, there is immediate follow up potential at the North Erregulla prospect, located to the south west of Lockyer Deep.
- Empire Oil Company (WA) Limited (Operator) - 77.78 percent
- Westranch Holdings Pty Ltd. (Norwest Energy NL) - 22.22 percent
- Empire Oil Company (WA) Limited (Operator) - 80.00 percent
- Westranch Holdings Pty Ltd. (Norwest Energy NL) - 20.00 percrnt
EP413 – Northern Perth Basin Shale Gas Exploration (Norwest 27.945 percent, Operator)
During 2Q CY2015, Norwest successfully completed the EP413 Arrowsmith 3D seismic acquisition survey on behalf of the EP413 Joint Venture. The survey was designed to assess the extent of the resource surrounding Arrowsmith-2, and to assist in defining the optimal location and target formation for Norwest’s first horizontal well, Arrowsmith-3.
The 3D dataset obtained from the acquisition program is currently being processed in the United States. Preliminary results indicate a substantial improvement in structural definition. Ongoing processing, which includes pre-stack depth migration and fracture analysis, is expected to be finalized during October. Following receipt of the final dataset, a detailed in-house interpretation will be conducted which will allow the planning for Arrowsmith-3 to continue.
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