EXPLORATION

Duo find new oil field in the Cooper

BEACH Petroleum and Drillsearch Energy have discovered an oil field in PEL 91 of the Cooper Basin after the Chiton-1 well encountered a 5.5m oil zone in the primary Namur sandstone target.

Marija Stojkovic

Drillsearch said the well, which is the first oil discovery within PEL 91, has estimated P50 (probable) reserves of 120,000 barrels and will be completed for future production. Chiton-1 is the first...

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