predictions for next week, page-23

CSIRO has built up knowledge and expertise in interpreting seismic and geology info within the Autralian region. IMO CSIRO report should get media attention..... Not long to wait now...

CSIRO in the past has helped other companies find GAS and OIL. Here is an example,



CSIRO scientists were instrumental in helping InterOil discover the Elk and Antelope gas finds in Papua New Guinea.

Gas flare at the Antelope-1 well

InterOil chief executive officer Phil Mulacek said the basin sequence model for Tertiary rocks in the region – developed in a close research alliance with the CSIRO Petroleum Resources Basin Studies group – was a critical component in the company’s successful exploration strategy.

The model is based on the specialised method of strontium isotope dating of limestones.

Exploration of Tertiary limestone in the Papuan Basin became a focus for InterOil following the company’s discovery of oil and gas shows in the Moose structure, a limestone reservoir.

In 2006 gas and condensate were also revealed in the Elk structure, which is geologically linked to the Antelope discovery.

“Previously, geologically older sandstones have produced oil and gas in the western Papuan Basin,” CSIRO geoscientist Tony Allan said.

“The Antelope find is the first onshore Tertiary ‘reef’ type limestone reservoir to be successfully drilled and tested.

“Similar limestone features in the Gulf of Papua are well known from a series of gas discoveries in the 1980s.”

Allan said the eastern Papuan Basin remains under-explored with significant potential for finding more isolated reef structures like Antelope, and other carbonate reservoirs.

“CSIRO has been building its knowledge and expertise with exploration companies in Papua New Guinea for over 15 years now and is looking forward to working with industry partners to discover more oil and gas in this promising region,” he said.