The company has outlined that the well was drilled to a total depth of 4974m measured depth and encountered the primary reservoir target of the upper Waarre formation at 89m high to prognosis at a depth of 4594m.
The well intersected 146m of gas column in the upper Waarre formation, including 115m of net gas play with no gas-water contact identified.
Enterprise 1 was spud from an onshore location, 3.5km from Port Campbell and 8km from the Otway gas plant, and was drilled directionally using an extended reach drilling approach.
Looking ahead, Beach Energy plan to case and suspend the well as a future producer, with a well test set to confirm well productivity and provide data for the proposed pipeline to the Otway gas plant.
Managing director and chief executive officer Matt Kay said he was pleased to see the Otway campaign build on its early success at Black Watch 1.
“To have our first exploration well in the Victorian Otway program deliver a successful result is an excellent outcome for the business,” Kay said.
“This success enhances our plans to develop more supplies for the East Coast gas market. The Enterprise result also de-risks other nearby prospects, warranting their evaluation as potential future drilling candidates.”
Kay added that the company will now focus on the upcoming offshore Victorian Otway Basin drilling campaign, which is due to start in the March 2021 quarter.
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