OIL

Santos finds new Cooper producer, drilling ahead on Timor Sea well

SANTOS new Cooper Basin hole, Stimpee-1, a near-field exploration well in PEL 114, has been cased...

The well reached a total depth of 1593m with 132m progress for the week. A drill stem test of the Birkhead Formation over the interval 1497-1502m flowed oil to surface at a rate of 127.2 cubic metres per day (800bopd) and water at 76.3cmpd (480bwpd) through a 13mm surface choke.

A subsequent test of the McKinlay Member over the interval 1246-1251m flowed clean oil to surface at a rate of 70cmpd (440bopd) through a 13mm surface choke.

The rig was released on Tuesday August 9 and is currently moving to Bugito-1, another near-field exploration well, this time in PPL 149.

Stimpee-1 is 1.25km south-west of Alkoomi-1, 6km north-east of the Limestone Creek Oil Facility, and about 49km south-east of the Moomba Gas Plant.

Santos has a 100% stake in this well

Meanwhile, the offshore Northern Territory gas exploration well, Caldita-1, in the Timor Sea permit NT/P61, about 275km north of Darwin, had reached 3697m yesterday morning.

The operator, ConocoPhillips, was pulling out of the hole for a new bit and had made 53m progress for the week. The 244mm casing was run to 3614.5m. Planned total depth was 4325m.

Interests in Caldita-1 are ConocoPhillips Australia Exploration Pty Ltd 60%, and Santos Group 40%.

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