Gulf Oil and Gas accountACCOUNT

Triangle Energy Identifies Near Field Exploration Targets within the Cliff Head Oil Field

Source: www.gulfoilandgas.com 7/10/2018, Location: Not categorized

Share |
Triangle Energy has announced that the recently completed Static Model reveals up to 29 million barrels (unrisked, best estimate, evaluation date 2 July 2018) of prospective oil initially-in-place (OIIP), representing 10.2 million barrels of prospective resource in near field exploration targets within the Cliff Head oil field licence area, located in the Perth Basin.

These 'near field' prospects are located in close proximity to Cliff Head’s discovered, producing reservoirs. The development of these volumes would therefore likely take advantage of existing pipelines and infrastructure as opposed to requiring a costly installation of new infrastructure. Prospective OIIP volumes are in addition to OIIP in the discovered, already producing Cliff Head reservoirs. It is intended that OIIP in these discovered reservoirs, along with associated reserve and contingent resource values, will be reported once dynamic modelling is complete later in Q3 2018.

Triangle’s Managing Director, Mr Rob Towner, said that Triangle’s full field re-modelling and subsurface re-interpretation included remapping and geological modelling extended to cover four recognised near field exploration areas: the NFE West (A1), South (A2), South East (A3) and CH5 (A4) areas.

Mr Towner said the latest result from the static model completes the picture on what the future of Cliff Head could look like.

'In addition to the immediate production enhancement opportunities and a potential development project in the Main Cliff Head discovered field, as outlined in an announcement released on 2nd July 2018, the static model defines a near field exploration potential that could lead to a multi-phased field development program, potentially recovering a further 10.2 million barrels (unrisked, best estimate) and extending field life into the 2030’s and beyond.'

Mr Towner said the Triangle team would now generate a full near field exploration program to test and confirm the volumes.

The near field exploration program will be executed in conjunction with Cliff Head development activity, where an integrated Cliff Head development-exploration offshore program is expected to be put in place for 2019.

Exploration News in Australia >>

Indonesia >>  11/13/2018 - JV partner Cue Energy Resources has advised that three Drill Stem Tests (DSTs) will be undertaken within the primary objective Mundu Formation in theP...
Egypt >>  11/12/2018 - Rockhopper Exploration plc, the oil and gas company with key interests in the North Falkland Basin and the Greater Mediterranean region, provides the ...

Argentina >>  11/7/2018 - Argentina’s highly anticipated offshore license round has officially opened with interested parties now invited to register their eligibility and subm...
Congo >>  11/6/2018 - The Republic of Congo has launched its latest oil exploration bidding round in Cape Town, offering 18 blocks in deep-water offshore and onshore sites ...

Croatia (Hrvatska) >>  11/6/2018 - Croatia’s cabinet has announced the launch of the country’s second onshore license round. Seven blocks will be available in the license round, all loc...
Mexico >>  11/6/2018 - Eni and Lukoil signed a farm-out agreement for the transfer of participating interests in three exploration licenses in Mexico’s shallow waters. ...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Australia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 |

More News

 

Oil & Gas Companies in Australia >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.