By OGJ editors
HOUSTON, Aug. 3 -- A group led by Santos Ltd. has logged its third gas discovery in VIC/P44 in the Otway basin off Victoria.
Henry-1, 8.5 km northwest of Casino gas field, cut 21 m of net gas pay in a 30-m gross section in Cretaceous Waarre sandstone, the primary objective and the Casino pay zone. Santos cut a 27.8-m core in the reservoir with 100% recovery.
Casino is a 2002 discovery set to begin production in early 2006. The gas at Henry is good quality and has similar composition to that of Casino, Santos said. TD is 2,032 m MD.
Besides the Casino discovery, the Martha-1 well found gas in 2004, and its commercial potential is under review. Casino is 250 km southwest of Melbourne in 70 m of water.
Santos said the Henry-1 success "augurs well for the other prospects we have identified in the region."
The VIC/P44 interests are Santos, operator, 50%, a unit of Australian Worldwide Exploration Ltd, Sydney, 25%, and Mitsui & Co.'s Mittwell Energy Resources Pty. Ltd., 25%.
