Mereenie Production Wells WM27 & WM28 Completed

Source: 9/27/2021, Location: Not categorized

The operator of the Mereenie joint venture, Central Petroleum Limited has advised that drilling and completion of the new production wells WM-27 and WM-28 has been completed and the Easternwell Rig 27 was released on 23 September 2021.

Central’s announcement and media release is attached, the key points are:
• the Mereenie recompletions and development programme is anticipated to add approximately 10 TJ/d of wellhead capacity (Joint Venture 100%)
• both wells have been tied in and WM-28 is now online and producing from both the Pacoota-1 & -3 reservoirs
• the WM-27 well has been completed as a single zone Pacoota-1 producer and is expected to come online shortly

As announced on 25 May 2021, Cue has executed a sale and purchase agreement to acquire a 7.5% interest in the Mereenie gas and oil field and 15% interest in the Palm Valley and Dingo gas fields in the Amadeus Basin, onshore Northern Territory.

All conditions precedent to the transaction have now been satisfied and the parties will move to complete the transaction on 1 October 2021

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