DRILLING

Apache, Santos double John Brookes' reserves, seal 15 year sales deal

Santos has finally had some good news this week with joint venture Partner Apache Energy, doublin...

This article is 20 years old. Images might not display.

The original estimates for the field, in the offshore Carnarvon Basin, Western Australia, were 400 Bcf until the results from the John Brookes-2 appraisal well.

In addition to the reserves upgrade, the partners inked a deal to sell almost half of the John Brookes gas, at 20 million cubic feet (MMcf) of gas per day, to Newcrest Mining over the next 15 years, bringing the total gross reserves dedicated and booked to approximately 350 Bcf at year-end 2003. Apache expects first sales under the contract by the fourth quarter of 2004.

The discovery well, John Brookes-1, was drilled in late 1998 and encountered a 311-foot gross (262-foot net) gas column between 9,115 feet and 9,426 feet in the Cretaceous-age Barrow sandstone group.

Two zones were tested, flowing at a combined rate of 54 million cubic feet (MMcf) of gas and 274 barrels of condensate per day. The Thomas Bright-2 appraisal well, drilled in early December 2003, and Thomas Bright-1, drilled in March 2003, are in the same reservoir with consistent gas-water contacts.

"Over the last two years we have increased our interest to 55% from our original 20% and taken over operatorship," said Apache president and chief executive officer G. Steven Farris. Santos holds the remaining 45% interest.

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

Energy News Bulletin Future of Energy Report 2024

With the global energy market in constant development, this report captures the sentiment of key industry players on the future of energy in Australia – and how it has changed through 2024.

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.