More great news for MEO's AC/p51 Vulcan farm out with AC/p51's ramble on 56mmstb which is just less than 10km from production test drilling of the Montara field by PTTEP.
Pretty sure PTTEP a cert for checking out MEO's AC/P51 data room as any find can be tied into production very quickly and cheaply.
adl
+++++++++++
PTTEP prepares to kick off Oz campaign
Share story
By Russell Searancke Wellington
13 September 2013 00:00 GMT
Thai operator PTTEP will take delivery imminently of a jack-up rig for use off north-west Australia, where the company plans to drill a variety of wells.
The US drilling player Ensco has a contract with PTTEP for the jack-up Ensco 109 between August and November, at a dayrate in the mid-$190,000s.
At least two wells are planned, the first of which is a fourth production well at the Montara oilfield in the Timor Sea, recently brought on stream by PTTEP.
The fourth well had been planned to be completed last year, but had to be deferred due to a lack of available drilling rigs.
It is understood PTTEP then plans to drill the Dillon South-1 exploration well in Block AC-P4, also in the southern Timor Sea.
PTTEP has suggested in a regulatory filing that water depth at the Dillon South location is 125 metres, and that well testing would include vertical seismic profiling and flaring.
It is understood Dillon South is the only well commitment PTTEP has in Block AC-P4 which — as in the Montara field andPTTEP’s other acreage in the Timor Sea — is in the Vulcan sub-basin.
The Vulcan is a complex geological structure which has confounded many players over the years, but contains some big discoveries, such as Crux and Argus.
PTTEP owns some small undeveloped oil finds in the Vulcan, and the big Cash-Maple resource, which it aims to develop as a floating liquefied natural gas project.
To that end, the Thai player has been carrying out a pre-drilling site survey on three wells it plans to drill at Cash-Maple.
The company intends to drill the Maple East-1 exploration well in Block AC-P54, plus the Maple-3 and Cash-3 appraisal wells in Block AC-RL7, although it is not known which rig will be used for this assignment.
PTTEP’s commitments in Block AC-P54 include two exploration wells — the first before July 2014, valued at A$35 million ($32 million), and the second before July 2017, which is valued at a similar cost.
The proposed Cash-Maple floating LNG project is in the pre-front end engineering and design phase for a 2 million tonnes per annum FLNG vessel.
PTTEP Australia chief executive Ken Fitzpatrick recently told Upstream that the company is now assessing the results of a 3D survey completed in July 2012, and is remapping the field.
“The outcomes of this assessment will help confirm the location of further planned appraisal wells,” he said.
Eight gas fields such as Cash, Maple and Oliver, in water depths of between 90 metres and 305 metres, are part of the project.
Add to My Watchlist
What is My Watchlist?