Carnarvon: More time for Cerberus drilling

Australian oil exploration company Carnarvon Petroleum has been given more time to find a partner and drill a well at its Cerberus project in the North West Shelf offshore Western Australia.

The Cerberus project consists of four exploration blocks, namely the EP-490, EP-491, TP/27, and EP-475.

Carnarvon said on Monday that the Department of Mines and Petroleum of Western Australia approved its application for suspension and extension of year three work commitments on the Cerberus licenses.

The company added that this would give it sufficient preparation time to drill a contingent well in 2018 and complete the necessary efforts to secure a partner to help fund the necessary exploration drilling.

The 2018 drilling will be contingent upon Carnarvon agreeing to enter into the next commitment year in May 2018. This has also allowed the EP-490, EP-491, and TP/27 exploration permits to be aligned with the drilling commitments in the EP-475 exploration block.

The Cerberus blocks covers 3,700 square kilometers in the heart of the Northern Carnarvon Basin, relatively close to a number of producing oil and gas fields. Current prospects contain 624 million barrels of recoverable oil on a Pmean basis.

 

Honeybadger, Kes, and Belfon prospects

The company said that its success within the Roebuck basin de-risked the lower Triassic play potential across the North West Shelf.

“Resource analysis of the leads and prospects within Cerberus resulted in meaningful estimates for a number of well defined prospects and leads,” said Carnarvon.

In particular, Honeybadger, Kes, and Belfon prospects were estimated to contain a total of 132 million barrels of oil at the Pmean confidence level.

The Belfon prospect is defined as a horst block structure, with Permian Kennedy Formation reservoir sealed by the regional Locker Shale. Kes is a stratigraphic trap which is interpreted to contain good quality turbidite reservoirs sealed by the Locker Shale. The Honeybadger prospect is similar in nature to Kes.

Share this article

Follow Offshore Energy Today

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 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 1

Offshore Energy Exhibition and Conference (OEEC) 2020

Offshore Energy addresses the technical, operational and commercial challenges associated with future sector growth.

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 >

OWI APAC 2020

Over the two-day conference, 30 expert speakers will share exclusive insight to help drive well work efficiencies through innovative…

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