Beach Energy (ASX:BPT)
Brisbane, Jan 7, 2010 AEST (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.
--------------------------------------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 FormationDepth: 0mOperation: 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 FormationDepth: 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 FormationDepth: 1718m (TD) Hutton SandstoneOperation: Rig has been released after running casing.Progress: 1718m--------------------------------------Well Participants--------------------------------------Tickalara-22 BPT 30.00%PL 34 STO* 70.00%Oil DevelopmentC/E Basin, QLD-------------------------------------------------------Weekly Progress & Summary Primary Targets-------------------------------------------------------Report Time: 0600 hrs (CST) 6/01/2010 McKinlay MemberDepth: 1346m (TD) Namur SandstoneOperation: 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 DevelopmentC/E Basin, QLD-------------------------------------------------------Weekly Progress & Summary Primary Targets-------------------------------------------------------Report Time: 0600 hrs (CST) 6/01/2010 McKinlay MemberDepth: 1650m (TD) Namur SandstoneOperation: 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 Ltd
TOE TriOcean Energy
Contact
Hector Gordon
Chief Operating Officer
TEL: +61-8-8338-2833
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