Australia: Cooper basin Parsons field expanded

Beach Energy Ltd., Adelaide, extended Parsons field in the Cooper basin with completion of the Parsons-5 exploratory well.

By OGJ editors
HOUSTON, June 30
– Beach Energy Ltd., Adelaide, extended Parsons field in the Cooper basin with completion of the Parsons-5 exploratory well.

Parsons-5, in PEL 92 in South Australia, encountered a 6-m oil column in Namur sandstone updip from Parsons-2. Two more wells are to be drilled, the next being Wheatons-1 about 10 km north of Parsons field.

Beach will announce a firmer reserve assessment as appropriate data become available, but preliminary work suggests that well results from the current drilling program, plus continued strong production performance, will result in an reserve increase in excess of 800,000 bbl for Parsons field, the company said.

Parsons-5 is is expected to be tied in during the second half of the year through the Parsons oil facility. Oil from the field is transported from the Western Flank by flowline to Tantanna, from where it is trucked to Moomba and hence not impacted by any flooding in the area.

Participants in PEL 92 are Beach, operator with 75% interest, and Cooper Energy Ltd. 25%.

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