Australia: Finucane South Discovery Could Excees Pre-Drill Estimate of 8 Million Barrels

 

Tap Oil Limited (“Tap”) provides the following update on the Finucane South-1A exploration well, offshore Carnarvon Basin, Western Australia.

Logs have confirmed the well is a new field oil discovery encountering some 18.5m of excellent quality net oil pay in the Late Jurassic Angel Formation. The interpretation is based on both LWD (Logging While Drilling) and wireline logs, including pressure testing and sampling over the target interval. Early evaluation indicates the discovery could exceed the pre-drill mean estimate of 8 million barrels.

Location

The Finucane South-1A well is located in permit WA-191-P, in the northern end of the Carnarvon Basin. The well location is latitude 19° 18` 17.927¨ S and longitude 116° 45` 31.697¨ E.

Progress

During the period from 06:00 hours WST on 25 May 2011 to 19:00 hours WST on 30 May 2011 the corrosion cap was set over Finucane South-1A with the well suspended. The rig was then skidded over to the Finucane South-1 location and abandonment completed. The rig was released at 19:00 hours on 30 May 2011.

Background

The Finucane South discovery is located at the northern end of the Carnarvon Basin, approximately 15km east of the Mutineer facility. Finucane South-1A was drilled to identify additional resources to supplement the discovered resources contained in the adjacent Fletcher Field.

Finucane South is a moderate-sized structural closure mapped at the base of the Cretaceous regional seal. Water depth at the well location is approximately 140m. Finucane South-1A was drilled 2km SSW of the Finucane-1 well (1978) which intersected oil shows at the top of the Angel Formation despite having been drilled off structure.

Based on Finucane South-1A’s proximity to other wells in the area (notably Finucane-1 and the Fletcher oil wells) plus its coverage by reprocessed 3D seismic, the risk attached to drilling can be categorised as low-moderate.

Source:Tap Oil , June 1, 2011;

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply