Project Profile
Location: western margin of the Cooper Basin, Australia
Production: 5.0 million standard cubic feet per day (mmscf/d) (Vanessa field only)
Area: 1,750 sq km
Start-up Year: 2017
PEL-182 encompasses 1,750 sq km of prospective acreage on the western margin of the Cooper Basin. The Block is believed to contain an extension of the prospective oil play being successfully explored and developed by companies such as Beach Energy, Victoria Petroleum, Drillsearch, Impress Energy, Cooper Energy and Stuart Petroleum. Oil sourced from the Permian Cooper Basin is expelled along the margins and trapped in the overlying Eromanga Basin reservoirs. Recently, the application of 3D seismic to exploration along the trend has resulted in better definition of drilling targets, with improved drilling success rates resulting in a number of oil discoveries. Senex Energy Limited and DrillSearch are the participants in this license. Vanessa field flowed to surface at an average rate of 5.0 million standard cubic feet per day (mmscf/d) from the Epsilon and Toolachee formations on a 65% choke (42/64ths inch).
Operators:
Senex Energy Limited: Operator with 57% interest
DrillSearch: 43% interest