Cooper Energy Cites Perlubie, Perlubie South Recoverable Oil Volumes
Cooper Energy
Further to the various announcements made on the Perlubie and Perlubie South new oil discoveries, Cooper Energy announced that the Perlubie-1 well is producing into the PEL92 production facilities and the Perlubie South-1 well has been completed as an oil producer and will contribute to PEL92 production volumes later in 2009 after the installation of a flow-line to tie the well into the Parsons facilities.
Cooper Energy's estimates of recoverable oil volumes for the two oil fields are as follows:
Low Estimate (barrels of oil) |
Medium Estimate (barrels of oil) |
High Estimate (barrels of oil) |
|
Cooper Energy Classification | P90 Recoverable Oil | P50 Recoverable Oil | P10 Recoverable Oil |
SPE PRMS Classification | Proved Reserves | Proved plus Probable Reserves |
Proved Plus Probable plus Possible Reserves |
Perlubie (Developed On Production) |
328,000 | 458,000 | 629,000 |
Perlubie South (Undeveloped Justified for Development) | 113,000 | 151,000 | 196,000 |
Total | 441,000 | 609,000 | 825,000 |
Both these oil fields will increase Cooper Energy's oil ultimate recovery and assist in sustaining the Company's future oil production volumes.
RELATED COMPANIES
Most Popular Articles
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- UK Oil Regulator Publishes New Emissions Reduction Plan
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- PetroChina Posts Higher Annual Profit on Higher Production
- McDermott Settles Reficar Dispute
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- USA Oil and Gas Job Figures Jump
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- Blockchain Demands Attention in Oil and Gas
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Equinor Makes Discovery in North Sea
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension