GAS CONDENSATE

Onshore Otway seismic survey begins

OTWAY Basin explorer Adelaide Energy has started shooting 3D seismic over the Jacaranda Ridge oil and gas project area in its 100%-owned PEL 255 onshore permit.

Onshore Otway seismic survey begins

With recording to start early next week, the survey will cover 48 square kilometres and is aimed at fully delineating the Jacaranda Ridge structure, mapping its shape, known faults, as well as the location and shape of the target reservoir intervals.

This follows Adelaide’s successful drilling effort mid 2007, when the Jacaranda-2 appraisal well flowed up to 2.5 million cubic feet of condensate-rich gas per day on production testing.

Further evaluation suggested these flows had originated from a reservoir not reached by the discovery well, Jacaranda-1, in 1999.

In turn, Jacaranda Ridge-1 produced oil at a rate up to 400 barrels of oil per day from a reservoir that was not reached by the Jacaranda Ridge-2 well.

“Hence, this oil-bearing sand presents another target for future drilling on this structure and therefore the Jacaranda Ridge structure is considered to have potential to be both gas and oil productive,” Adelaide Energy said.

“One of the aims of this 3D survey will be to identify and map all the individual reservoirs over the entire structure and possibly identify the type of fluids contained within them.”

As a result, Adelaide hopes the survey results would indicate the distribution of the gas-bearing reservoirs intersected in Jacaranda Ridge-2 and the oil-bearing reservoir found in Jacaranda Ridge-1.

Jacaranda Ridge-2 is currently shut-in, pending ongoing productive capability studies.

Once recorded, the seismic data acquired will be processed and interpreted, due for completion in the second quarter.

After this, Adelaide expects to be in position to select drilling locations in optimal structural positions.

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