EXPLORATION

Enfield well adds to Woodside and Australia's reserves

With industry lobby groups warning that Australia faces the prospect of declining oil self-sufficiency, Woodside Petroleum's successful testing of the Enfield-4 appraisal well off the coast of Western Australia has led to expectations that the country could have a new, significant oil province.

Enfield well adds to Woodside and Australia's reserves

Woodside's managing director, Mr John Akehurst, said that the company was pursuing two development options for the oil discoveries. The development options under consideration included an Enfield stand-alone facility with a start up in late 2005 or a combined Enfield and Vincent facility with start up in 2006.

Agreement is needed for a combined Enfield-Vincent because Vincent straddles the boundary of WA-271-P and WA-155-P. Discussions have started with the WA-155-P partners to resolve unitisation and joint development issues such as common-user infrastructure.

Woodside is also continuing to evaluate a significant number of other prospects in the WA-271-P permit that have the potential for tie-back to Enfield or Vincent-Enfield product facilities.

In other news, Woodside Petroleum has reported that the Enfield-4 appraisal well was being secured for Tropical Cyclone Chris as a precautionary measure.

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