Senex Energy: New Oil Field Discovery in Cooper Basin
Drilling Activity Details
Drilling Activity Summary
Description
A new oil field in South Australia's Cooper Basin has been reported after a discovery at #1-Vintage Crop by Senex Energy. The venture is Cooper Basin Block PEL516. According to the company, it encountered a 10-meter gross oil column in the McKinlay Member with a three-meter net pay in the McKinlay Member of the Murta. A drillstem test on the McKinlay Member recovered 39 bbl. of 54.6-degree-gravity API, light brown oil in a three-hour flow period. Preliminary interpretation of the drillstem test and wireline log data indicates at least 305,000 bbl. of oil in place. Oil shows were also detected in the Namur Sandstone and the Birkhead formations. The Brisbane-based company plans to deepen the well into a Permian sequence to provide a preliminary evaluation of unconventional gas targets in the coals and shales underlying the oil targets.
A new oil field in South Australia's Cooper Basin has been reported after a discovery at #1-Vintage Crop by Senex Energy. The venture is Cooper Basin Block PEL516. According to the company, it encountered a 10-meter gross oil column in the McKinlay Member with a three-meter net pay in the McKinlay Member of the Murta. A drillstem test on the McKinlay Member recovered 39 bbl. of 54.6-degree-gravity API, light brown oil in a three-hour flow period. Preliminary interpretation of the drillstem test and wireline log data indicates at least 305,000 bbl. of oil in place. Oil shows were also detected in the Namur Sandstone and the Birkhead formations. The Brisbane-based company plans to deepen the well into a Permian sequence to provide a preliminary evaluation of unconventional gas targets in the coals and shales underlying the oil targets.