Cooper Basin faithful look to Galilee-1

Stuart Petroleum Ltd has announced the commencement of its Galilee-1 exploration well in its PEL 90 Chandra Block.
Cooper Basin faithful look to Galilee-1 Cooper Basin faithful look to Galilee-1 Cooper Basin faithful look to Galilee-1 Cooper Basin faithful look to Galilee-1 Cooper Basin faithful look to Galilee-1

Located in the productive Cooper Basin, the Galilee well will kick-start the Adelaide-based exploration and production specialist's largest ever exploration program, which will encompass a minimum of five exploration wells.

According to the data its experts have analysed, Stuart believe, "The Galilee structure is faulted through the Permian section on the western, northern and north east flanks, providing a conduit for Permian hydrocarbons to migrate into Eromanga reservoirs."

Based on these numbers provided by Stuart, the aim of the Galilee-1 well is to test the crest of the Galilee structure for structurally trapped oil - believed to be in the 6.6 million barrels mark - within the Eromanga Basin.

The well will be drilled by Oil Drilling & Exploration Pty Ltd - using its Number 30 rig - to a depth of 2,737 metres and should reach this total depth after 23 days of drilling. Stuart is the operator and holds a 75% stake in the PEL 90 Chandra block, with Beach Petroleum Ltd holding the balance.

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