Western Australia's significant new offshore oil discovery

Jan 17, 2000 01:00 AM

Western Australia's Acting Mines Minister Dr Kim Hames has announced a significant new offshore oil discovery 27 km west of Onslow. "The great benefit of the WAPET discovery is that it is only five km from the company's production and processing unit at Thevenard Island," Dr Hames said.

"This means that the project could tie in with existing infrastructure and production." Dr Hames said that the recent discovery was just one of the many successes expected in the region and an indication of Western Australia's sustained prospectivity. "Although this discovery is relatively small, it is nonetheless very significant as further drilling of nearby areas may result in more discoveries leading to a large oil resource base necessary for a stand-alone development," he said.

The discovery was made with the drilling of the Coaster 1 well to a depth of 1112 mm in the Carnarvon Basin. Logging and sampling was carried out on Coaster 1 in late December 1999. Dr Hames said that there were 11 oil and gas discoveries in the State last year.

Source: IINX via Iinoil
Market Research
Upcoming Conferences