Continuing Oil Shows in Snatcher-1, Pel 111

Source: www.gulfoilandgas.com 6/29/2009, Location: Not categorized

Victoria Petroleum N.L. as operator for the PEL 111 Joint Venture advises that the current operation is drilling ahead at 1,797 meters. Following on from the oil shows previously reported from 1,772 meters to 1, 781.4 meters, continuing good oil shows have been observed from 1,781.4 meters to 1,787 meters.

During the weekend, two drill stem test were run over the oil show interval from 1,772 meters to 1,781.4 meters. Both drill stem tests were misruns due to mechanical failure

The significance of the fair to good oil shows observed in the target Birkhead Sandstone will be evaluated after the well has reached total depth by wire line logs and further testing. The planned total depth of the well has been revised to a new total depth of 1,900 meters.

Snatcher-1 is testing the oil bearing potential of the Snatcher Prospect adjacent to the Santos Limited operated Charo Field in PPL 177. The PPL 177 licence is wholly contained within PEL 111.

The participants in the drilling of Snatcher-1, PEL 111, PEL 104 and PRL 15 and their respective interests through their wholly owned subsidiaries are as follows:

Victoria Petroleum N.L. (Operator) 40%
Impress Energy Limited 40%
Permian Oil Pty Ltd. 20%


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Related Categories: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 

Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


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