Cooper Energy Ltd. has reported that the Butlers-3 appraisal/development well in PEL92 spudded on April 19. The current operation is drilling ahead in the surface hole at 395 meters.
Butlers-3 is the second appraisal/development well on the Butlers oil field in the current PEL92 back to back eleven well drilling program and follows the successful appraisal of the northern extent of the field by Butlers-2. Butlers-3 is targeting the Namur oil reservoir 0.3km to the northwest of the Butlers-1 discovery well. The well will be drilled to a total depth of about 1,360 meters and is expected to take 9 days to drill and complete.
The Butlers oil field is currently producing approximately 1,400 barrels of oil per day (BO/d) from the Namur reservoir via the Butlers-1 well. It is expected that additional Butlers' development wells will more efficiently drain the field and accelerate production. The drilling will be accompanied by an upgrade of the Butlers surface facilities to handle the increased production.
Oil production from Butlers is exported via the pipeline to Tantanna and then exported to Moomba.
Recommended Reading
Rising Phoenix: The Anti-Permian Minerals Firm Buying … Permian
2024-09-13 - Rising Phoenix Minerals CEO Jace Graham said his boutique firm isn’t getting any bigger: The company doesn’t need a squad of infantry when “we’ve got a team of snipers.”
Exxon Pairs Record Pioneer Output with Record Legacy Permian Volumes
2024-08-02 - After closing a $63 billion acquisition of Pioneer Natural Resources, Exxon is the largest producer in the Permian Basin—and the entire U.S.
Dusting Off the D-J: Bison Acquires 210,000 Net Acres in 20 Months
2024-08-23 - Since finding backing from Quantum Energy Partners, Bison Oil & Gas IV has built an 83% HBP position in the Denver-Julesburg Basin, including more than 400 net locations and an average 20,000 boe/d, says CEO Austin Akers.
ConocoPhillips’ Blowout: Permian, Eagle Ford, Bakken Output Rises
2024-08-01 - ConocoPhillips reported a notable uplift in Eagle Ford Shale production during the second quarter, while volumes in the Permian, Bakken and Canada’s Montney Shale also grew.
Go Long: Exxon, EOG Extend Permian Laterals, Lead US Onshore Drilling
2024-09-05 - When it comes to drilling in U.S. onshore basins, no other operators are drilling more than Exxon Mobil and EOG Resources, according to Enverus data.