Cooper Energy Limited announces that a 4 well drilling campaign has commenced in PEL 92 on the western flank of the Cooper Basin, with the spudding of Windmill-2.
The campaign aims to optimise oil production from existing oil fields and comprises:
- Windmill-2, to appraise the Windmill oil discovery and accelerate production from the Namur Sandstone reservoir;
- Butlers-7 and Butlers-8, which will seek to accelerate production from the Namur Sandstone reservoir by targeting locations up-dip of producing oil wells; and
- Callawonga-9, to accelerate production rates from the Callawonga oil field.
It is anticipated Windmill-2 will be completed within 12 days from spudding, and the four well drilling program by the end of October 2013.
Cooper Energy holds a 25% interest in PEL 92 with the balance held by the Operator, Beach Energy Limited.