Victoria Announces Drilling Report for Snatcher-3 Pel 111

Source: www.gulfoilandgas.com 11/2/2009, Location: Not categorized

Victoria Petroleum N.L. (Vicpet) as operator for the PEL 111 Joint Venture advises at 0600 hours today, the operation was drilling ahead in 8 inch hole at 1,445 metres.

Snatcher-3 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 Snatcher Prospect is situated on the Western Margin Oil Trend, with Snatcher-3 a test of whether oil can be stratigraphically trapped within seismically interpreted discrete sand bodies in channel systems present within the Jurassic Birkhead Formation.

The target sand in Snatcher-3 produced oil from the recent Snatcher-2 oil discovery, 787 metres to the south east of Snatcher-3 at a rate of 207 barrels of oil per day.

Snatcher-3 is planned to be drilled to a measured total depth of 1,850 metres. Drilling reports will be provided to the ASX on a weekly basis and as significant events occur.

The participants in the drilling of Snatcher-3, Snatcher-2, and PEL 111 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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