Apache makes major oil discovery off Western Australia

Apache Corp. has made an oil discovery with its Phoenix South-1 well, drilled 110 miles north of Port Hedland in 435 ft of water in permit WA-435-P of Australia’s offshore Canning basin. The company estimates as much as 300 million bbl of oil could be in place.

Wireline and formation pressure tools have confirmed at least four discrete oil columns ranging 85-151 ft in thickness in the Triassic Lower Keraudren formation, within an overall, sand-rich section between 13,648-14,763 ft below sea level, Apache says. Six light oil samples have been recovered from three intervals to date.

“Although evaluation is at an early stage, Phoenix South-1 is an exciting result,” commented Thomas E. Voytovich, Apache executive vice-president and chief operating officer, international. “The oil and reservoir quality we have seen point to a commercial discovery. If these results are borne out by further appraisal drilling, Phoenix South may represent a new oil province for Australia.”

Apache operates WA-435-P and adjacent permit WA-437-P with 40% interest. Its partners are Carnarvon Petroleum 20%, Finder Exploration 20%, and JX Nippon 20%.

Apache also has exercised its option to acquire 40% interest and operatorship of the WA-436-P and WA-438-P permits, giving the company a total position of more than 5 million acres.

The area includes several large, undrilled structures, including the Roc prospect on WA-437-P, with potential to be significant additional oil accumulations, the company says, adding that additional drilling and evaluation is planned for next year.

Related Articles

AU Energy to acquire Tullow Netherlands unit

09/05/2014 AU Energy BV, a subsidiary of Mercuria Energy Group Ltd., has agreed to acquire Dutch operated and nonoperated L12/L15 block interests and nonopera...

Statoil signs farm-in deals with Repsol for offshore Colombia

09/04/2014

Statoil AS has signed farm-in agreements with Repsol for two licenses offshore Colombia.

Ryder Scott: Trinidad and Tobago’s gas reserves fell in 2013

09/03/2014 Trinidad and Tobago’s proved natural gas reserves declined from 13.106 tcf in 2012 to 12.24 tcf in 2013. This is according to the latest survey of ...

Pemex lets contract for offshore survey

09/03/2014 Mexico’s Petroleos Mexicanos (Pemex) has let a $31.5 million contract to Fugro for an offshore multisite, high-resolution geophysical and geotechni...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected