Century Rig 3 is currently moving to the Murrippi-1 well site in PEL 91, after being delayed by recent rains in the area.
The rig will be inspected once it arrives at site and, if no issues arise, Murrippi-1 is expected to spud on Sunday, February 17, or the following day, according to Great Artesian.
Murrippi-1 is the second of two wells being drilled by the joint venture in PEL 91 to test prospects in the oil fairway between the Christies, Sellicks, Callawonga and Parsons oil discoveries in PEL 92 to the southwest and the Growler and Wirraway oil discoveries in PEL104 to the northeast.
The first well, Ballapurudda-1, drilled in December failed to deliver a commercial oil find.
Murrippi-1 will test a four-way dip closed structure and is about 30km north-northeast of the Sellicks Field.
The well’s primary targets are the basal Birkhead Formation-Hutton Sandstone and Patchawarra Formation, with secondary targets in the Poolowanna and mid-Birkhead Formations.
“Pre-drill P50 recoverable reserves of 0.6 million barrels of oil for the Hutton formation and 0.17 million barrels for the Patchawarra Formation are estimated,” Great Artesian said.
“Possible ‘fill to spill’ potential of the structures is in the region of 2 to 3 million barrels of recoverable oil.”
The PEL 91 partners are Beach Petroleum (operator and 40%) and Great Artesian (60%).