DRILLING

Oil Search set to kick off Paua probe

OIL Search is on the verge of spudding its NW Paua-1 exploration well about 5km northeast of the Moran oil field in PNG that targets between 40-120 million barrels of oil.

Oil Search set to kick off Paua probe

The well will test a structurally higher back limb location on the Paua anticline than the Paua-1x well which was drilled in the mid 1990s.

Paua-1x encountered oil shows in the Toro sandstone and recovered oil from the Iagifu sandstone but was interpreted to have been drilled on the wrong side of the structure.

NW Paua-1 has a planned total depth of 3377m and targets the Toro and Digimu sandstones in a seismically defined hanging wall structure.

Participants in NW Paua-1 are Oil Search (52.5%) and ExxonMobil (47.5%).

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