Adoxa 1 Exploration Well Spuds

Source: www.gulfoilandgas.com 7/25/2019, Location: Not categorized

Buru Energy Limited (Buru Energy) is pleased to advise that the Adoxa 1 exploration well was spudded at 21:00 hours on Wednesday the 24th of July 2019.

The Adoxa 1 well is a test of the greater Yakka Munga regional structure on exploration permit EP 428, with a surface location some 20 kilometres to the northeast of the Ungani Production Facility.

Buru Energy and Roc Oil (Canning) Pty Ltd each have a 50% equity interest in the well and in EP 428.

The Adoxa 1 well is being drilled by the NGD 405 rig as a vertical well to a planned total measured depth of 2,400 metres.

The principal objective of the well is oil in conventional sandstones of the Reeves Formation the top of which is prognosed to be encountered at approximately 1,100 metres measured depth. The Anderson Formation clastic reservoirs are a deeper secondary conventional oil target below 1,800 metres. Further technical details of the well are attached.

The closure being tested by the Adoxa 1 well has the potential to hold significant resources of conventional oil in an emerging play type in the basin.

Executive Chairman’s comments:
“The Adoxa 1 well is the first exploration well in this year’s drilling program and is targeting conventional sandstone reservoirs in the Reeves Formation. This is a new play type for the Canning Basin and follows up the oil recovery from the Reeves Formation in the Ungani Far West 1 well. If the well is successful there are also a number of follow-up locations that would provide attractive targets.

The well is a relatively shallow vertical well that will provide a wealth of geological information and hopefully find significant volumes of oil which would supplement and enhance our existing reserves and production cashflow from our nearby Ungani Oilfield.” The initial weekly drilling progress report for well is attached.


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Related Categories: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 

Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


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