Apache reports oil discovery offshore Northwest Australia

Oct 01, 1999 02:00 AM

Apache Corporation announced that its North Gipsy-1 discovery offshore Northwest Australia tested at a rate of 5,940 bpd of 44.9 degree API crude oil from a 63-foot interval between 7,336 feet and 7,399 feet in the late Triassic-age Brigadier sandstone. Apache has a 68.5 % working interest in the discovery. Partners are Kufpec with 19.3 % and Tap Oil with 12.2 %.
The North Gipsy-1 well also encountered a gas-condensate column in the shallower North Rankin sandstone interval. A test of this interval will not be conducted because its deliverability has already been established in the adjacent Rose and Lee accumulations.
The discovery of oil at North Gipsy increases the likelihood of early development of the Gipsy/Rose/Lee complex, which is located 10 miles east- north-east of Apache's established oil and gas processing and export facilities at Varanus Island. Gas-condensate accumulations have been confirmed in Rose and Lee and oil in the North Rankin Formation in Gipsy. The discoveries are inProduction License Area TL/1 in the Barrow Sub-basin of the Carnarvon Basin.
The North Gipsy-1 well was tested on a 56/64-inch choke with 1,065 psi of flowing tubing head pressure. The test was restricted by surface equipment limitations. Apache has four other prospects east of the discovery, where it plans to drill additional wildcats to test the same geologic concept.

Apache is a large oil and gas independent with operations in North America, Western Australia, Egypt, Poland and the People's Republic of China.

Source: Apache Corporation via Newspage
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