EXPLORATION

Just mud and oil stains at Telowie-1: VicPet

BEACH Petroleum has plugged and abandoned the Telowie-1 exploration well, following disappointing...

Just mud and oil stains at Telowie-1: VicPet

In a statement, VicPet said the DST recovered only mud and 0.5 litres of oil over the interval 1078-1081m in the Murta Formation.

“While we are disappointed that the oil recovered from the Murta Formation was not in commercial quantities, the presence of Murta oil this far south at Telowie-1 provides a great deal of encouragement for the possible presence of commercial Murta oil accumulations in the northern portion of PEL 94 containing the Dunoon Horst,” VicPet managing director John Kopcheff said.

“Exploration in PEL 94 will now focus on the Dunoon Horst area, which contains the Harpoono/Revenue and Rimfire Murta oil fields, with drilling likely in the next few months.”

Telowie-1 was the sixth well in VicPet’s planned 16-well Cooper Basin exploration program.

The PEL 94 joint venture comprises Beach (operator with a 50% stake), Magellan (35%) and VicPet (15%).

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