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Adelaide, Australia, Nov 26, 2009 - (ABN Newswire) - Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 25 November. Highlights of the week's activities include:
Egypt - North Shadwan Concession - Gulf of Suez
Production testing of NS377-3 (Beach 20%) Kareem Formation reservoir to provide data about fluid and reservoir properties has been completed. Flow rates during the test period were constrained to about 1,400 barrels of oil per day. Full production from the well is expected to commence during the second quarter of 2010, at initial rates in excess of 1,500 barrels of oil per day, as predicted earlier.
The NAFTA Rig-1 is being moved four kilometres southeast of the NS377-3 production well to test the oil potential of the Kareem Formation at the NS377-4 (Teen) location (Beach 20%). Teen, expected to spud on 1 December, is a near-shore exploration opportunity in the Gulf of Suez that, like the NS377-3 well, is to be drilled from an onshore location. Although located nearby and having a similar well name, the well will be evaluating a different structure to that which hosts the NS377-3 oil accumulation.
Arrowie Basin (South Australia) - Paralana-2 Geothermal Exploration Well
Logging information for Paralana-2 geothermal deep injector well (Beach, well Operator, earning 21%) has been acquired to 3,740m and is currently being evaluated. Operations are currently delayed by significant rain in the basin.
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Well Participants
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Paralana-2 BPT* 21.00%
GEL 178 PTR 69.00%
Geothermal Exploration TRU 10.00%
Arrowie Basin, SA
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Weekly Progress & Summary Primary Targets
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Report Time: 0600 hrs(CST)25/11/2009 Upper Cannana
Depth: 4012m (TD) or Bolla Bollana
Operation: Logging has been completed to 3740 metres.
Operations are being delayed by significant
rainfall.
Progress: 0m
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Well Participants
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NS377-4 (TEEN) BPT 20.00%
Oil Exploration BP* 50.00%
North Shadwan TOE 30.00%
Egypt
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Weekly Progress & Summary Primary Targets
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Report Time: 0600 hrs (local) 24/11/2009 Kareem Formation
Depth:
Operation: Rig move and rigging up.
Progress:
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Well Participants
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NS377-3 BPT 20.00%
Oil Development BP* 50.00%
North Shadwan TOE 30.00%
Egypt
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Weekly Progress & Summary Primary Targets
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Report Time: 0600 hrs(CST)25/11/2009 Kareem Formation
Depth: 2872m (1792m TVDSS) TD
Operation: Production testing has been completed and
the rig is being moved to the NS377-4
exploration well location.
Progress: 0m
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Well Participants
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Dullingari-36DW1 BPT 20.21%
PPL 12 STO* 66.60%
Gas Development ORG 13.19%
C/E Basin, SA
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Weekly Progress & Summary Primary Targets
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Report Time: 0600 hrs(CST)25/11/2009 Patchawarra Formation
Depth: 1586m
Operation: A re-entry and deepening of an earlier
oil producer; - drilling ahead in the
Nappamerri Group.
Progress: 1586m
(s) Secondary Targets
(*) Operator
BPT Beach Petroleum Ltd
ORG Origin Energy Resources Ltd
BP BP Exploration (Delta)
PTR Petratherm Ltd
TRU TRUenergy Pty Ltd
STO Santos Limited
TOE TriOcean Energy
About Beach Petroleum Limited:
Beach Petroleum (ASX: BPT) is a long established oil and gas Exploration and Production Company. Based in Adelaide, South Australia, the Company has oil and gas reserves of 66 million barrels of oil equivalent (at 30 June 2009), an annual production in the 2008/09 Financial Year of 9.6 million barrels of oil equivalent and an active exploration program within a balanced global portfolio of tenements.
Contact:Hector Gordon
Chief Operating Officer
TEL: +61-8-8338-2833
Source:
Beach Petroleum Limited
Copyright (C) 2009 ABN Newswire. All rights reserved.
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