CTP 1.89% 5.4¢ central petroleum limited

santos mereenie, page-64

  1. 801 Posts.
    Yachty

    good point
    so lets not look at the end of the life of the wells, lets look at the beginning

    http://www.ga.gov.au/image_cache/GA9147.pdf

    page 18
    Mereenie
    by the end of 86
    22 exploration wells
    14 production wells

    page 9 or 15(in pdf reader)
    Oil production from the Mereenie accumulation commenced in June 1984 at
    a rate of 238 m3 per day (1500 bbl per day). Production started from the East
    Mereenie Pacoota Sandstone trap, and increased to 476 m3 per day (3000 bbl per
    day) when the Mereenie Pacoota Sandstone trap was brought into production

    Up to 31 December 1985, the cumulative production from the basin stood at
    156.3 x 103m3 of oil and condensate, and 44.0 x 106m3 of gas.

    now that did include palmvalley
    so total production wells
    palm valley 4 development wells

    I think thats it.

    so from 72 - 86 (given a constant number of producing wells which off course there were not as they were added too as they were discovered and brought on line) that 156.3 /14 (number of years)= 11.164 p.a

    11.164 / 18 (producing wells) = 0.6202380
    620 m3 per day roughly = 3907 barrels per day roughly

    please feel free to correct

 
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