Santos Drills a Duster Offshore Australia

Santos reports that the Exeter 3 appraisal well has failed to encounter hydrocarbons in the primary objective Angel Sandstone reservoir. The well is at a depth of 3,338 meters and is preparing to obtain wireline pressure data across the Angel Sandstone. The well will continue to drill ahead to a planned total depth of 4,076 meters targeting the North Rankin gas formation. Following the drilling of Exeter 3, the Exeter Angel Formation discovery is estimated to have a reserve range of between 20 million and 40 million barrels of oil.

Exeter 3 is located 1.5 kilometers south of the Exeter oil discovery. It followed on from the successful Exeter 1 and 2 wells, which established Exeter as a commercial oil discovery. The primary objective of Exeter 3 was to appraise a possible southeastern extension of the field.

Interest holders in WA-191-P are: Santos Group as operator with 33.3977%; KUFPEC with 33.4023%; Nippon Oil with 25.0000%; and Woodside with the remaining 8.2000%.