AWE Advances Western Australia Gas Project

Australian AWE has confirmed the southern extension of the Waitsia gas field in Western Australia’s Perth basin. It found strong gas shows from the Waitsia-3 appraisal well, it said July 4.

“We will continue our analysis and evaluation of the Waitsia-3 data, but we are already looking ahead to the Waitsia-4 appraisal well which is expected to spud in the first half of July,” said AWE CEO David Biggs. “'The combined data from Waitsia-3 and Waitsia-4 will allow us to review our estimated reserves and resources for the entire Waitsia field and, subject to Waitsia-4 results, we anticipate a further upgrade to reserves within the second half of calendar year 2017.”

Waitsia-3 is the first of a two-well appraisal drilling program planned for the southern portion of the Waitsia field in 2017. 

The northern Perth basin has been one of Western Australia’s major gas producing regions for more than 50 years. Discovered in September 2014, the Waitsia field is regarded as the largest onshore conventional gas discovery in Australia for the last 30 years. 

Shardul Sharma