Mosman-1 looks for 20mmbbl

The Mosman-1 exploration well has been spudded in TL/2, 22km north- northeast of Airlie Island following the P&A of the dry Hyssop-1 well and the Taunton-3 appraisal well.

The Mosman prospect is interpreted from 3D seismic data as a large lower Barrow Group stratigraphic trap, identified by a seismic amplitude anomaly.

The partners estimate the prospect has the potential to contain 20mmbbls of recoverable oil with the well expected to take 11 days to reach the proposed total depth of 2,705m.

Participants in the TL/2 permit are Tap (Shelfal) 10%, Apache Oil Australia 51.834%, Pan Pacific Petroleum (SA) 23.166% and Santos (BOL) 15%.

Participants in the Mosman-1 well are Tap (Shelfal) 12.4258%, Apache Oil Australia (operator) 64.4082% and Pan Pacific Petroleum (SA) 23.1660%.