Brisbane, Jan 7, 2010 (ABN Newswire) - Beach Energy Limited (
ASX:BPT) advise the weekly drilling report for the week ending 6 January 2010.
Highlights of the week's activities include Egypt - North Shadwan Concession - Gulf of Suez
The Nafta-1 rig has been moved to the NS 377-5 oil development well drill location (Beach 20%).
NS 377-5 is designed to access oil in the Kareem Formation updip and to the north of the recently drilled and successful NS 377-3 oil development well.
As with the NS377-3 well, NS 377-5 will be a high angle, deviated well, drilled from an onshore location. The well is expected to spud early next week.
* Operator
(ASX:BPT) Beach Energy Ltd
(LON:BP) BP Exploration (Delta)
(ASX:STO) Santos Limited
(ASX:ORG) Origin Energy Resources Ltd
TOE TriOcean Energy
ASX:BPT) advise the weekly drilling report for the week ending 6 January 2010. Highlights of the week's activities include Egypt - North Shadwan Concession - Gulf of Suez
The Nafta-1 rig has been moved to the NS 377-5 oil development well drill location (Beach 20%).
NS 377-5 is designed to access oil in the Kareem Formation updip and to the north of the recently drilled and successful NS 377-3 oil development well.
As with the NS377-3 well, NS 377-5 will be a high angle, deviated well, drilled from an onshore location. The well is expected to spud early next week.
--------------------------------------
Well Participants
--------------------------------------
NS 377-5 BPT 20.00%
Oil Development BP* 50.00%
North Shadwan TOE 30.00%
Egypt
----------------------------------------------------
Weekly Progress & Summary Primary Targets
----------------------------------------------------
Report Time: 0600 hrs (local)
5/01/2010 Kareem Formation
Depth: 0m
Operation: Rigging up in preparation for drilling.
Progress: 0m
--------------------------------------
Well Participants
--------------------------------------
Mettika-6 BPT 20.21%
PPL 58 STO* 66.60%
Gas Development ORG 13.19%
C/E Basin, SA
-------------------------------------------------------
Weekly Progress & Summary Primary Targets
-------------------------------------------------------
Report Time: 0600 hrs (CST)
6/01/2010 Patchawarra Formation
Depth: 2579m (TD)
Operation: Well is being cased and
suspended as a future
Patchawarra Formation gas producer.
Progress: 2579m
--------------------------------------
Well Participants
--------------------------------------
Narcoonowie-9 BPT 20.21%
PPL 25 STO* 66.60%
Oil Development ORG 13.19%
C/E Basin, SA
-------------------------------------------------------
Weekly Progress & Summary Primary Targets
-------------------------------------------------------
Report Time: 0600 hrs (CST)
6/01/2010 Birkhead Formation
Depth: 1718m (TD) Hutton Sandstone
Operation: Rig has been released
after running casing.
Progress: 1718m
--------------------------------------
Well Participants
--------------------------------------
Tickalara-22 BPT 30.00%
PL 34 STO* 70.00%
Oil Development
C/E Basin, QLD
-------------------------------------------------------
Weekly Progress & Summary Primary Targets
-------------------------------------------------------
Report Time: 0600 hrs (CST)
6/01/2010 McKinlay Member
Depth: 1346m (TD) Namur Sandstone
Operation: Well is cased and suspended
as a future McKinlay
Member oil producer.
Progress: 1193m
--------------------------------------
Well Participants
--------------------------------------
Tickalara-23 BPT 30.00%
PL 34 STO* 70.00%
Oil Development
C/E Basin, QLD
-------------------------------------------------------
Weekly Progress & Summary Primary Targets
-------------------------------------------------------
Report Time: 0600 hrs (CST)
6/01/2010 McKinlay Member
Depth: 1650m (TD) Namur Sandstone
Operation: Well is being cased and
suspended as a future McKinlay
Member and Namur Sandstone oil producer.
Progress: 1650m
s Secondary Targets* Operator
(
ASX:BPT) Beach Energy Ltd(
LON:BP) BP Exploration (Delta)(
ASX:STO) Santos Limited(
ASX:ORG) Origin Energy Resources LtdTOE TriOcean Energy
About Beach Energy Limited
Beach Energy Limited (ASX:BPT) is a long established oil and gas Exploration and Production Company, based in Adelaide, South Australia.
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