Santos, Drillsearch make another Cooper discovery

Jun 12, 2015 12:00 AM

Santos Ltd., Adelaide, and its joint venture partner Drillsearch Energy Ltd., Sydney, have made a natural gas discovery in the Cooper basin of South Australia with the eighth and final well of the current (2014-15) program in permit PEL513.

Moonanga South-1 was drilled to a total depth of 3,177 m south of the JV’s producing Moonanga field and east of Raven field in an adjacent permit.

Drillsearch reported gas shows across the Permian-age Patachawarra formation between 2,597 m and 3,115 m. Elevated gas readings were recorded across both sandstone reservoirs and coal seams.

Preliminary interpretation of wireline logs suggests 4.3 m of net pay across two zones in the Patachawarra within a gross interval of 518 m.

The JV identified stacked reservoirs in the conventional play as well as several zones with unconventional gas potential.

Moonanga South-1 has been cased and suspended as a future gas producer.

Drillsearch has now drilled more than 40 wells during the past 12 months in this and other joint ventures and achieved better than 70% success rate.

The company is now finalizing its 2015-16 program.

Drillsearch holds 40% of the Moonanga South discovery, while operator Santos has 60%.

Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.

Cover_242-width

The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


 

Upcoming Conferences
« June 2019 »
June
MoTuWeThFrSaSu
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Register to announce Your Event

View All Events