DRILLING

Partners follow up ’71 oil discovery

The Corowa East-1 well spudded on Monday, following up the 1971 Corowa-1 discovery which flowed 4...

Partners follow up ’71 oil discovery

The well is targeting an estimated mean recoverable reserve of 7.4 million barrels of oil and a high-side potential of 17.5 million barrels, according to operator Santos.

The well will be drilled to a depth of 1665 metres, which will take about 7 days including evaluation.

It is in EP WA-264P, 1.2km to the east of the Corowa-1 well and approximately 40 km west of the Thevenard Island production facility.

Interests are Santos Offshore Pty Ltd 50.00% (operator), Kufpec Australia Pty Ltd 33.33%, Beach Petroleum Ltd 16.67%.

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