Central Confirms Gas Flow at Mereenie Field in Australia's Amadeus Basin
Central Petroleum Ltd. disclosed Monday that its production testing of the Stairway Sandstone at the Mereenie Oil and Gas Field in Amadeus Basin in Australia’s Northern Territory has confirmed gas flow.
The 30-day production testing of the previously drilled West Mereenie-15 (WM15) well ended June 22 yielded around 1.5 million cubic feet per day of gas, with low nitrogen content of 2.6 percent, far below Australia’s East Coast gas specification, recorded.
Central added that the production of low nitrogen gas allows the company to produce 7.5 percent more oil in May at no extra costs. If continued, there would be an additional annual gross production of 17,000 barrels.
“Given that the Stairway Sandstone is above the presently producing Pacoota Formation, any development of the Stairway will be able to access the existing field gathering systems. Its quality is such that the Stairway gas, if able to developed, should be able to lower the producing costs of the whole of the gas production and, as a result, WM15 will remain on production … The potential for including Stairway as incremental reserves is tantalizing close,” Central’s Managing Director Richard Cottee said in the press release.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Australia's Santos Profit Soars, Flags China LNG Sales Push (Feb 21)
- Santos Seen Luring More Bids After Rejecting $7.2 Billion Offer (Nov 16)
- Australia's Santos Steps Up Effort To Avert LNG Export Curb (Aug 30)
Company: Central Petroleum Ltd. more info
- Central Confirms Gas Flow at Mereenie Field in Australia's Amadeus Basin (Jun 27)
- Central Petroleum Seals Deal to Acquire 50% Stake in Mereenie Field in NT (Sep 02)
- Central Reveals Petroleum Reserves Estimates for Palm Valley, Dingo Fields (Jul 21)