New Western Flank Oil Discovery at Balgowan-1

By Joseph R. Fonseca
Wednesday, August 13, 2014
Map of PEL 91 including Balgowan-1 and Burners-1

 

Drillsearch Energy Limited announced that a new oil discovery at the Balgowan-1 exploration well in PEL 91 on the Western Flank Oil Fairway of the Cooper Basin.

Wireline logs carried out at Balgowan-1 have confirmed a 9-metre gross oil column in the McKinlay-Namur and as a result, the well has been cased and suspended as a future oil producer, the 14th discovery in PEL 91. Analysis of the well results is continuing and Drillsearch will provide an update on the size of the discovery in due course.

Balgowan-1 is located 3.6 kilometres northeast of the Stunsail-1 oil discovery. Following casing and suspension of Balgowan-1, the rig will now move to drill Burners-1, which is located midway between Balgowan-1 and Stunsail-1.

Drillsearch Managing Director Brad Lingo said, “The Balgowan-1 discovery represents an excellent start to the FY2015 drilling campaign on the Western Flank, building on the success we had in the last financial year. In particular, both Balgowan-1 and Stunsail-1 illustrate the prospectivity of the previously under-explored area northeast of the prolific Bauer oil field.”

Drillsearch owns 60% of PEL 91, with Beach Energy, the Operator of the permit, owning the remaining 40%. The map on the following page shows the locations of Balgowan-1 and Burners-1.

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Energy

NewLead Holdings Acquire 5 Vessels

NewLead Holdings Ltd. announced today that it recently added five bitumen tanker vessels to its fleet. The Company has expanded its fleet to 10 vessels in less

Wärtsilä Propulsion Solution for 3 Tugs

Three large new escort tugs contracted by Norwegian operator Østensjø Rederi, will feature Wärtsilä dual-fuel (DF) engines integrated with a customized gas storage

Russia – Turkey Gas Pipeline Approved

Ankara hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Taner Yildiz, Turkish Minister of Energy and Natural Resources.

News

NewLead Holdings Acquire 5 Vessels

NewLead Holdings Ltd. announced today that it recently added five bitumen tanker vessels to its fleet. The Company has expanded its fleet to 10 vessels in less

Boskalis, Van Oord to Construct Island off Jakarta Coast

Royal Boskalis Westminster N.V. (Boskalis) and joint venture partner Van Oord have been awarded a contract by PT Muara Wisesa Samudra to design and construct

ClassNK Releases Improved "e-Application"

ClassNK announced the release of an improved "e-Application" system. This improvement was planned based on requests from the users. Therefore, firstly we would

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.5044 sec (2 req/sec)