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Drillsearch Energy confirms new oil findings in Bauer oilfield: Media Reports

By Religare
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Drillsearch confirmed that the Bauer-9 appraisal well had met a total of 10.7 metres of net oil pay, with 3.7 metres of net pay encountered in the McKinlay formation and a further seven metres of net pay in the Namur sandstones, said the media reports.

The report added that oil discoveries had also been encountered in the secondary target Birkhead formation over an 11-metre interval but said the well location appeared to have been sub-optimal for intersecting the formation.

 

The company further said that the results from Bauer-9 added additional support that the Bauer and Bauer North fields were part of a larger common oil pool.

The current appraisal and development program in PEL 91 this year had been a success for the company, Drillsearch, Managing Director, Brad Lingo said.

"Not only has this drilling programme proven the Bauer oilfield is much larger than originally expected, it has clearly demonstrated the field may extend as far north as the Bauer North oil discovery. This success and the success of the Bauer North oil discovery will significantly contribute to a further uplift in the company's oil reserves," Lingo stated.

Bauer-9 was drilled about 800 metres north-west from the successful Bauer-8 development well and 1.6 km south-west of the Bauer North oil discovery in PEL 91.

The well would now be cased and suspended as a future oil producer before the drilling rig Ensign-930 is moved to spud the Pennington-1 exploration well, about 9.3 km to the east of the Bauer oilfield.

Story first published: Monday, November 19, 2012, 17:30 [IST]
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