Hudson-1 oil exploration well update
Posted: 19 June 2008
Victoria Petroleum N.L. reported that the start of drilling at Hudson-1 oil exploration well has been delayed due to weather.
The forthcoming Hudson-1 exploration well is located on the same structural trend as the recent Cuisinier-1 oil discovery well in the Barta Block of APTP 752P.
Due to extensive road & lease damage caused by 80-100mm of rain in the area, Hudson 1 could be delayed by 2-3 weeks. All roads in this area are extremely wet.
Roads and not expected to support heavy traffic for up to 3 weeks without some assistance to dry them out. Some creek crossings are impassable until work to remove silt banks is completed.
Hudson-1, 20 kilometres to the south west of Cuisinier-1, will test a seismically defined prospect with the potential to contain a recoverable oil resource in the most likely range of 1.2 million barrels up to a P10 of
10 million barrels.
The drilling program of up to 7 wells set out in the farmin agreement is part of Vicpet’s strategy of being a major explorer and producer in the Cooper/Eromanga Basin in South Australia and Queensland.
This drilling complements Vicpet’s exploration and drilling program in South Australia in PEL 115 and the PEL 104/111 Western Margin Oil Project where the Growler Oil Field has just commenced oil production
against a background of continuing high oil prices.
Experience gained in ATP 752P will be of value to Vicpet in the development of the Jurassic Oil Fairway being explored and developed in Vicpet’s Cooper Basin Western Margin Oil Project permits in South Australia.
Preparations are also underway to commence drilling in the Don Juan coal seam gas project.
Posted by Richard Price, Editor, EnergyME.com
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