Santos makes another Australian Otway basin find

Santos Ltd., operator of Australian exploration permit 154 in the Victorian section of the Otway basin, has made its fourth discovery in that area this year. Lavers-1 wildcat has intersected an 11-m gross gas column in the Cretaceous Waarre sand at 1,542-53 m. The well reached 1,627 m total depth.

May 4th, 2001


By the OGJ Online Staff

HOUSTON, May 4 -- Santos Ltd., operator of Australian exploration permit 154 in the Victorian section of the Otway basin, has made its fourth discovery in that area this year.

Lavers-1 wildcat intersected an 11-m gross gas column in the Cretaceous Waarre sand between 1,542-53 m. The well reached 1,627 m TD.

Santos and its partner in the well are evaluating logs, which indicate 10 m net of gas pay. Lavers-1 will be cased and suspended as a future gas producer.

Santos Managing Director John Ellice-Flint said, "Our success rate in the Otway basin remains strong, with a 100% success rate in PEPs 153 and 154.... While Lavers is not as significant a discovery as the previous successes in this campaign, we are currently evaluating the option of how to tie it with other discoveries in the Otway basin."

The well is 2 km northwest of the McIntee gas find and 16 km northwest of the Heytesbury gas facility.

Santos owns 90% of Lavers, and Beach Petroleum NL owns 10%.

The rig will move to Naylor-1 site, the last in a five-well Otway basin exploration program. Naylor will spud by May 10.

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