Drilling Continues at Apache’s Bianchi Prospect (Australia)

Drilling Continues at Apache's Bianchi Prospect (Australia)

Tap oil, an independent oil and gas company from Australia, has announced that drilling operations for the 8½” (216mm) section continued at the Apache-operated Bianchi well.

The well was drilled to a depth of 5,302 metres. The Joint Venture has agreed to deepen the well and drill to a new total of at least 5,322 metres.

The forward plan is to continue drilling the 8½” (216mm) hole to the final total depth, and then commence a comprehensive wire line logging program to evaluate the well.

The Bianchi prospect is located in the WA-49-R retention lease in the offshore Carnarvon Basin, approximately 6.4km north-northeast of the Zola-1/ST1 gas discovery and 20.8km south-southwest of the Gorgon-1 gas discovery well.

The Bianchi fault block is one of a series of adjacent structures that form the greater Zola area. The prospect was matured following interpretation of the Cambozola 3D seismic survey in 2012.

The well will be drilled as a vertical well in a water depth of 240 metres and is expected to take 80 days (trouble free) to drill to a projected total depth of 5,200 metres. Tap’s cost for the well is expected to be approximately A$8 million.

[mappress]
June 27, 2013

 

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