Beach Energy Provides February Drilling Report (Australia)

Australia’s Beach Energy has released its monthly drilling report for February 2013.

Operated Cooper Basin Unconventional Gas Program

PEL 218 (Beach 100%, farm-out subject to satisfaction of conditions)

Nepean-1, the fifth well in the current eight-well vertical exploration program in PEL 218, reached a total depth of 3,527 metres and is cased and suspended pending a multi-well stimulation program that is scheduled for April.

The first horizontal well of the unconventional gas campaign, Holdfast- 2, is drilling ahead in the horizontal section in the Murteree Shale.

ATP 855P (Beach 60%, farm-out subject to satisfaction of conditions)

Flowback at Halifax-1 commenced on 11 February. The last measured daily average flow rate was 3.7 MMscf/d. The peak rate measured to date is 4.2 MMscf/d. Halifax-1 was stimulated in January with 14 stages successfully placed across the Permian targets.

Operated Otway Exploration – Penola Trough (Beach farming in to earn 35%)

Sawpit-2, an exploration well in South Australia’s PEL 495, spudded on 18 February. The well’s primary objective is to test for oil in the Crayfish Group updip of oil shows observed in Sawpit-1, drilled in 1992. Sawpit-2 will additionally evaluate the shales of the Casterton Formation and Lower Sawpit Shale by cutting two cores for detailed analysis.

Sawpit-2 is programmed to drill to 2,558 metres and take 30 days to complete. It is currently drilling ahead at 2,142 metres.

Santos Operated Cooper Basin Oil and Gas Exploration and Development

Gas development drilling continued in the Baryulah field in Queensland (Beach 23.20%), where Baryulah-13 intersected multiple gas sands within the Toolachee, Daralingie and Patchawarra Formations and was subsequently cased and suspended for future production. The rig is currently preparing to spud Baryulah-14. The Brumby-13 gas development well was also drilled, cased and suspended as a future gas producer within a gas field that straddles the SA/Qld border.

In the South Australian sector of the Cooper Basin (Beach 20.21%), the Dullingari-61 and Dullingari North-20 development wells were cased and suspended as future gas producers, and the Burke-12 well is presently running casing after having intersected multiple gas sands within the Permian interval.

The drilling of Gaschnitz-ST1 unconventional gas exploration well in PPL 101 (Beach 20.21%) reached a total depth of 3,889 metres and the well has been cased and suspended for future evaluation.

In Queensland, the Rheims-2 oil appraisal well in the T66 block (Beach 30%) was plugged and abandoned after it failed to encounter hydrocarbons. The rig has since spudded the Achilles-1 exploration well and is currently preparing to run surface casing.

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LNG World News Staff, March 06, 2013; Image: Beach Energy