Central Petroleum has spudded the second development well in the Mereenie development program located in the Northern Territory.
Prior to pudding WM28, WM27 was successfully drilled and cased across the upper reservoir with the shoe at 1286 metre.
Central Petroleum reported that the well was then drilled ahead with air to 1367m to the lower reservoir.
The well has now been temporarily suspended pending the procurement of equipment to execute a mud-drilled sidetrack from the existing wellborn to better access the lower reservoir potential.
The company advised that the rig is intended to return too WM27 for further drilling and competition of the sidetrack following completion of WM28.
WM28 is also being drilled at a crestal location targeting increased gas production, with the drilling program adjusted to capture learnings from WM27.
“This well, along with the WM27 development well and the four re-completions (WM14, WM15, WM19 and WM20), are intended to increase field capacity to support marketing gas into what is anticipated to be an increasingly tight east coast gas market,” Central Petroleum reported.
In addition, in May Cue Energy executed a sale and purchase agreement to acquire a 7.5 per cent interest in the Mereenie gas and oil field (OL4 and OL5 production licences) in the Amadeus Basin, onshore Northern Territory, as well as a 15 per cent interest in the Palm Valley and Dingo gas fields.
In March this year Central Petroleum appointed Easternwell Group to re-complete the four existing wells and drill the two development wells at the Mereenie oil and gas field.
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