Area Drilling

AustraliaARC Oil NL, Perth, plans an exploration program in the Perth basin that may require two rigs in the first half of 2004.The company will pursue oil and gas objectives onshore generally between Dongarra and Beharra Springs gas fields, in which it holds interests. It plans to acquire 3D seismic data in the area.The company also has interests in Eremia, Hovea, and Jingemia oil fields.ARC spud the Kingia 1 exploration well Jan. 16 some 9 km southwest of the Hovea production facility on a structure deemed capable of containing 26 million bbl of recoverable oil in Permian Dongara sandstone at 2,300 m. It will also be deepened to 2,800 m to test the High Cliff sandstone, gas productive i...

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