Central Petroleum spuds WM27 in Northern Territory
Australian explorer Central Petroleum on June 4 said it had spudded WM27, the first well in the Mereenie gas development programme in the Northern Territory.
The rig has moved off the recompletions of the four existing wells - WM14, WM15, WM19 and WM20 - and these wells are scheduled to be progressively brought back online over the coming days.
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WM27, along with another development well WM28 and the four recompletions, is intended to restore field production capacity back towards 45 TJ/day, yielding an additional 40 PJ of gas over the lifetime of the field, Central said.
“This will enable the Mereenie joint venture to commit to new gas sales into what is anticipated to be an increasingly tight east coast gas market,” it said.
Fellow Australian explorer Cue Energy last month executed an agreement to acquire a 7.5% interest in the Mereenie gas and oilfield in the Amadeus basin, onshore Northern Territory, as well as a 15% interest in the Palm Valley and Dingo gas fields.