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The Parker Drilling Rig 246 spudded Radnor-1 about 8.30pm yesterday and is expected to take several weeks to reach the targeted Eocene-aged Kapuni formation sands.
Operator Bridge Petroleum and Westech Energy are drilling Radnor-1 and 2, though Methanex is funding the drilling of the two wells, in PEP 38752, in return for rights to any commercial gas discovered.
Bridge executive directors Kevin Johnson and Ed Davies have declined to specify any details of the Methanex funding agreement, though Johnson told EnergyReview.Net today from Auckland that “it’s great to have started this program.”
The Radnor wells, which are to be drilled from the same pad, are to test several Eocene-aged Kapuni formation deep gas targets identified in a 2003 3D seismic survey.
Commentators say the PEP 38752 licence and particularly the Radnor wells should prove very interesting, given the past performance of the 1983 Stratford-1 and 1990 Stratford-1A sidetrack wells and the fact that a pipeline to the Methanex plants runs right nearby.
