THE Beach Petroleum-operated Parsons-2 appraisal/development well, in Cooper Basin permit PEL 92,...
This follows confirmation by wireline logs that the well has intersected a 6.5m gross oil column in the Namur reservoir, with the same oil-water contact as Parsons-1, in line with pre-drill expectations.
First oil production at the Parsons oil field is expected next month from the Parsons-1 and Parsons-2 wells.
Beach is operator and holds a 75% stake in PEL 92, while Cooper has 25%.
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