DRILLING

Oil Search prepares to drill new PNG well

OIL Search is planning to spud the Kapul-1 exploration well in Papua New Guinea's PPL 240 later t...

Oil Search prepares to drill new PNG well

The well, located in the Foreland Basin about 50 km southeast of the Kimu gas discovery, will test the Toro and Iagifu sandstone intervals in the seismically-defined Kapul structure.

The terrain is mainly swampland and the pipeline from Kutubu to the coast runs within 75km of the Kapul prospect.

The well has a planned total depth of 3,170m and operations on the well are expected to take about 30 days from spud to total depth.

Mean unrisked recoverable reserves are 113 million barrels of oil, of which about 80 million barrels are in the primary Iagifu target and the balance in the secondary Toro objective.

Interests in Kapul-1 include Oil Search Limited 70% (operator), Horizon Oil International Limited 20% and Gedd (PNG) Limited 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