DRILLING

Ceres holds hope for juniors

The Ceres-1 well in the Carnarvon Basin, which has five Australian juniors as participants, spudd...

The well is targeting a large stratigraphic pinch out trap, some 21 kilometres to the southwest of the producing Stag Oil Field.

Potential reserves for the prospect have been calculated as ranging from 14 million barrels of oil recoverable to 23 million barrels of oil recoverable (P(10)).

Operator Apache Energy was running and cementing 244mm casing at 670 metres and installing the blow-out preventers before drilling ahead.

The well will have a total depth of 1,012 metres and will test not only the Stag Sand, but the deeper underlying C halosa Sand Member of the Athol Formation.

If appropriate, RDT pressure points to determine water pressure gradient and RSCT plugs/cores will be obtained to determine reservoir parameters to assist in the evaluation of a 9.6 metre oil saturated zone in the C halosa zone of the nearby Chamois 1discovery.

The rest of the partners are Sun Resources NL 6.1538%, Arrow Energy NL 10.%, Strike Oil NL 16.2179%, Victoria Petroleum 12.5%, and Tap Oil (Shelfal) Pty Ltd 10.%.

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry