Platypus Appraisal Well Yields "Strong Results"
Dana Petroleum has today reported "strong results" from its Platypus appraisal well in the Southern North Sea in the UK.
The appraisal well, well 48/1a-6, which was spudded in April this year, has encountered a strong flow rate of 27million standard cubic feet (mmscf) per day on a 96/64" choke, the company says.
Dana, the operator of the well, drilled to a total measured depth of 14,175 feet on 19 June having successfully drilled a 3,100 foot horizontal section within the reservoir. after which a drill stem test was completed on 23 July. The well has now been suspended in preparation for use as a future production well.
Dana Petroleum today said today that it would now consider the options for the well and the steps forward for the Platypus gas field.
"We are very happy with the conclusive results of this complex appraisal well," Dana’s UK Managing Director, Paul Griffin said today. "We will work with our partners to carefully analyse the data we have collected and consider development and gas export options.
"Dana already holds the second largest acreage in the North Sea and we will continue to invest in exploration opportunities with five wells planned in the North Sea and West of Shetland before the end of 2012."
Partner in the field, the Parkmead Group also welcomed the news today, saying the flow results were a positive result for both the Platypus field and for Parkmead.
"We are delighted to report successful and conclusive results from Parkmead's first well in the North Sea and will be working with our partners to move ahead with the development of the significant gas field at Platypus," Executive Chairman of Parkmead Tom Cross said. "This is a very exciting time for Parkmead as the Group's oil and gas portfolio continues to grow rapidly, giving Parkmead a balanced asset base of production, development, appraisal and exploration opportunities."
Parkmead holds a 15 per cent stake in the Platypus field as does fellow partner CalEnergy Gas. The operator of the field holds a 59 per cent stake with First Oil Expro holding the remaining 11 per cent stake.