Miani 1 Exploration well spuds

Source: www.gulfoilandgas.com 10/3/2019, Location: Not categorized

Buru Energy Limited (Buru Energy) is pleased to advise that the Miani 1 exploration well was spudded at 12:00 hours on Wednesday the 2nd of October 2019.

The Miani 1 well is located on Production Licence L8 some 70 kilometers to the east of the town of Derby and some 30 kilometers to the northwest of Buru’s Blina Oilfield.

Buru Energy has 100% equity in the well and in L8.

The Miani 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 objective of the well is conventional oil hosted in a stratigraphic trap interpreted to have been formed by a fault bounded collapse feature enhanced by hydrothermal dolomitisation of the Nullara reefal carbonates. The structure is well defined by 3D seismic data and is analogous to features in North America holding major oil and gas accumulations. Further details of the prospect are set out in the attachments.

The feature being tested by the Miani 1 well has the potential to hold significant resources of conventional oil in a new play type. Development of any oil discovered would be facilitated by the availability of local infrastructure and the location of the well in an existing production licence.

Executive Chairman’s comments:
“The Miani well is testing a new play type for the Canning Basin and for Australia, as the Canning Basin is believed to be the only area in onshore Australia where Devonian reefs have these features in a setting where they can be directly charged with oil. There are also a number of similar structures in the area that will be very prospective targets if Miani is successful.

The well is a relatively shallow vertical well with close offset wells that provide excellent control to reduce geological and operational risk.”

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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