Magellan Petroleum Spuds Burundi 1 in PL 33
Magellan Petroleum says that the Burundi 1 near field exploration well spudded in PL 33 in the Cooper Basin of southwest Queensland on October 4th. Burundi 1 is the first of a two well drilling program planned for the Nockatunga area in October. The Maxwell 5 appraisal well in PL 50 will follow.
Burundi 1 is located approximately 7.5 kilometres south of the Nockatunga oil facility and 9.5 kilometres southwest of the Thungo oil field. The Burundi prospect is a 4-way dip closed structure located on the western end of the Karwin Complex, immediately updip of the Karwin Trough.
The primary oil reservoir objectives in Burundi 1 are the Murta Formation and the Birkhead Formation. The Burundi 1 well, which is being operated by Santos, is programmed to have a total depth of approximately 1436 metres RT.
Burundi 1 Details:
Petroleum Title: PL 33, Queensland Location: approximately 7.5 km S of the Nockatunga oil facility and 9.5 km southwest of the Thungo oil field Coordinates: Latitude: 27° 46' 49.24" South Longitude: 142° 30' 28.62" East (GDA 94) Drilling Rig: PDI 721 Proposed Total Depth: 1436 metres RT Objectives: Primary oil – the Murta Formation and the Birkhead Formation Operations: Burundi 1 spudded on 4 October Participants in Burundi 1 are: Magellan Petroleum Corporation 38.994% Santos Limited (ASX:STO)(Operator) 61.006%