EXPLORATION

Appadare-1 a wet blanket

A BEACH Petroleum-led joint venture in the Cooper Basin has plugged and abandoned its Appadare-1 exploration well in PEL 107 after target zones in the Patchawarra Formation turned out to be water-wet.

Appadare-1 a wet blanket

Despite the disappointing result, farm-in partners Rawson Resources and Ausam Resources will consider their option to participate in up to two more wells in the Appadare Farm-in Block, as part of a deal struck with Beach and Great Artesian Oil and Gas.

In a statement, Rawson said there was “some encouragement” that reservoir quality sands extend into this area of the block.

Appadare was the last well to be drilled in Beach and Great Artesian’s five-well program in PEL 107. Other wells in the program have included Cabbots-1, Talia-1, Keeley-1 and Kiana-2, all of which have been unsuccessful.

Rawson paid 80% of Appadare-1’s drilling costs, while its partner Ausam Resources paid 20% of the cost of the well. Under the deal, Rawson will earn a 40% interest in any commercial discovery while Ausam will earn 10%.

Operator Beach holds a 20% stake in the well, while Great Artesian Oil & Gas owns the remaining 30% interest.

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry

editions

ENB Social Licence Report 2021

In its second year, this research now includes trends and new findings surrounding impacts and responses as the energy industry seeks to secure and maintain a social licence to operate.