Repsol Continues Drilling at Strickland 2 Prospect in PNG's Highlands

Oil Search Ltd. reported Friday that drilling continued at the onshore Strickland 2 exploration well in Petroleum Retention License (PRL) 269 in Papua New Guinea's (PNG) Highlands, with operator Repsol S.A. running and setting the casing prior to testing for the presence of hydrocarbon.

The company said the Strickland 2 well, which was spud May 8 by Rig 103, will test for hydrocarbon presence in the Darai limestone reservoir within a 4-way dip closed anticlinal trap.

Oil Search has a 10 percent interest in PRL 269, while Repsol, Barracuda Ltd. and Diamond Gas Foreland 269 B.V. hold 50 percent, 30 percent and 10 percent, respectively.

Elsewhere in PNG, Oil Search revealed that the PRL 15 joint venture formally agreed to drill the Antelope 7 appraisal well in the Gulf Province at the end of September.

"Well pad construction is underway and expected to be completed by the end of August," the firm said in a press release, adding that the drilling is intended to test for reservoir presence and definition on the western flank of the field.

Total E&P PNG Ltd. is the operator of PRL 15, also known as the Papua LNG Project, with a 40.1 percent stake. Its partners are Oil Search, InterOil Corp. and minorities, each holding 22.8 percent, 36.5 percent and 0.5 percent, respectively.



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