RCMA Australia (RCMA) Pty Ltd. has plugged the Cervantes-1 wildcat in North Perth basin permit L14 onshore Western Australia after failing to find hydrocarbons (OGJ Online, Feb. 10, 2022).
Stratigraphic correlation during drilling proved more difficult than anticipated, JV partner Vintage Energy Ltd. said. However, intersection of the Holmwood shale proved that the prospective Permian-age section had been drilled.
Any potential reservoir sands are water-wet based on the lack of oil shows and interpretation of log data obtained while drilling, Vintage added.
The well was funded 50% by Vintage and 50% by Metgasco as farminees to each earn 30% interest in the permit.
RCMA operated the well and retains a 40% interest.