AFTER being delayed by heavy rainfall, InterOil has spudded its Black Bass well in PEL 236 in PNG, around 160km north-west of its Port Moresby oil refinery.
The company said it expected the well to take 45 days to reach the target depth of 1,200 metres where it would be testing the Intra Orubadi reef limestone.
It said a total probabilistic Monte Carlo simulation gave a 50% chance of yielding 46 million barrels of oil.
Black Bass-1 is the first of a recently announced eight-well drilling program that will extend into 2006.
ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive
ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.
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.
This industry-wide report aims to understand current cost levels across the energy industry
Copyright © 2000-2024 Aspermont Ltd. All rights reserved. Aspermont Limited (ABN 66 000 375 048), PO Box 78, Leederville, Western Australia 6902
