MEO Australia said that the wireline logging, pressure testing and coring program at Blackwood-2 has been completed.
The presence of gas and reservoir productivity could not be conclusively established during this wireline logging phase.
MEO has been advised by the NT/P68 Operator that Blackwood-2 will be production tested to resolve uncertainties regarding fluid content and reservoir productivity.
The Blackwood-2 appraisal well is located approximately 8km from the Blackwood-1 discovery well.
The drilling of Blackwood-2 is an obligation under the NT/P68 Farm-in Agreement (FIA) dated 17th May 2011 between Eni Australia Limited (Eni) and MEO.
Under the FIA and subsequent amendment, MEO’s 50% participating interest share of the costs of the well will be carried.
MEO’s CEO and MD Jürgen Hendrich commented on the announcement: “Blackwood-2 was designed to investigate the possibility of a deeper Gas-Water-Contact than inferred from Blackwood-1 pressure data. The wireline logging program in Blackwood-2 could not conclusively establish the presence of deeper gas, hence production testing will be undertaken to resolve this uncertainty.”
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[mappress] LNG World News Staff, December 13, 2013; Image: MEO