MEO Australia Updates on Blackwood-2 Drilling

 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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LNG World News Staff, December 13, 2013; Image: MEO