PNG: Oil Search Releases Update on Trapia 1 ST1 Well

Oil Search reported that on 20 September, the Trapia 1 ST1 well was at a depth of 3,800 metres in an 8- ½” hole and completing a wireline logging programme. Drilling progress for the week was 460 metres.

During the week, the well drilled through a fault zone and encountered a repeat section of Darai limestone.

Preliminary petrophysical evaluation has been completed and indicates the Trapia 1 ST1 well did not intersect any prospective reservoir intervals.

The forward plan is to plug and abandon the well and commence moving the rig to the Moran 16 development well.

The participants in Trapia 1 ST1 are:

• Oil Search Limited            52.5%
• Esso Highlands Limited  47.5%
• Total                                       100%

Oil Search is drilling Trapia 1 ST1 under contract with the Operator, Esso Highlands Limited.

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LNG World News Staff, September 20, 2012