PIRSA to offer Otway Basin block at PESA farm-in seminar

THE Department of Primary Industries and Resources of South Australia (PIRSA) will be offering an oil appraisal and development opportunity at this year’s Petroleum Exploration Society of Australia Farm-in Seminar.

The OT2006A gazettal area is a small 37 square kilometre block in the onshore Otway Basin. It covers the mapped closure encountered in Jacaranda Ridge-1, the undrilled Jacaranda Ridge South lead, and a couple of potential new leads.

Jacaranda Ridge-1 was drilled in 1999 by Boral when oil prices were very low. It intersected two main sand packages in the Pretty Hill Formation – the Jacaranda Ridge and Lower Sawpit Sands.

The Jacaranda Ridge Sand was drilled into through a fault and the entire sand package was found to be tight due to the existence of an estimated 20m fault damage zone.

“This sand is otherwise very clean and probably quite permeable,” PIRSA said.

“It can also be seen from seismic amplitude analysis to be well-developed over most of the application area.

“Core analysis of the Jacaranda Ridge Sand indicated that it is oil-bearing. The Lower Sawpit Sand flowed 408 barrels per day (46.8 API) on test. A production test over the DST interval produced about 950 barrels of oil with increasing water cut over a 14-day period.”

The PESA Farm-in Seminar will be held before this year’s APPEA conference. This year’s seminar will be held on May 7 in Meeting Room 5 at the Gold Coast Convention and Exhibition Centre, Broadbeach, Queensland.

Company representatives will outline the technical and commercial aspects of their opportunities via short audiovisual presentations. There will be time during and after the seminar to discuss additional details with interested parties in private.

Registration fees are $360 for presenters and $180 for viewers.

These fees also purchase a copy of the PESA 2006 Farm-in Seminar Report CD (containing details of all proposals presented), morning coffee and lunch, including drinks.

To make a presentation at the seminar, contact Wolfgang Fischer for details or register online (www.pesansw.com) by no later than April 20. To attend as a viewer, register by May 4.

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