Carnarvon: Estimated Contingent And Prospective Resources Is 372 Bcf In Block WA-437-P.
Drilling Activity Details
Australia
Drilling Activity Summary
Description
Perth-based Carnarvon Petroleum Ltd. announced results of the estimated contingent and prospective resources at its #1-Roc discovery in Western Australia's Block WA-437-P. The discovery well confirmed up to 372 Bcf of gas and 18 MMbbl of condensate recoverable (gross 3C contingent resource). Additional prospective resources have been estimated at 328 Bcf of gas and 16 MMbbl of condensate recoverable (gross high estimate prospective resource). The preliminary minimum economic field size as estimated by Carnarvon is around 325 Bcf and 17 MMbbl of condensate (gross). An appraisal well, #2-Roc, is planned to confirm higher volumes and it will be about 5-6 km east of #1-Roc. Carnarvon is the block operator and partners include Quadrant Energy, which purchased Block WA-437-P rights from Apache Corp., has 40% interest in partnership with Carnarvon, 20%, JX Nippon 20% and Finder Exploration 20%.
Perth-based Carnarvon Petroleum Ltd. announced results of the estimated contingent and prospective resources at its #1-Roc discovery in Western Australia's Block WA-437-P. The discovery well confirmed up to 372 Bcf of gas and 18 MMbbl of condensate recoverable (gross 3C contingent resource). Additional prospective resources have been estimated at 328 Bcf of gas and 16 MMbbl of condensate recoverable (gross high estimate prospective resource). The preliminary minimum economic field size as estimated by Carnarvon is around 325 Bcf and 17 MMbbl of condensate (gross). An appraisal well, #2-Roc, is planned to confirm higher volumes and it will be about 5-6 km east of #1-Roc. Carnarvon is the block operator and partners include Quadrant Energy, which purchased Block WA-437-P rights from Apache Corp., has 40% interest in partnership with Carnarvon, 20%, JX Nippon 20% and Finder Exploration 20%.