The well, located in water depths of 300 m, is currently at 407m MDRT and is expected to take approximately 70 to 90 days to drill.
Ironbark-1 will test the giant Ironbark gas prospect, which has a best estimate of 15 trillion ft3 prospective recoverable gas resource. The primary Deep Mungaroo target is at a depth of approximately 5335 mTVDss. Several additional reservoir objectives within the same formation will also be tested.
An extensive Logging While Drilling (LWD) programme has been prepared for the evaluation of the well during drilling. Ironbark-1 is designed as an exploration well that will be plugged and abandoned following the completion of operations.
Cue CEO Matthew Boyall commented:
“We are excited to see the start of the Ironbark-1 exploration well, which will target the giant Ironbark gas prospect. Cue’s 21.5% interest is substantial for an opportunity of this size and has the potential to be company changing if successful. Drilling of the Ironbark-1 well is the culmination of significant work undertaken by Cue to explore and understand the Deep Mungaroo gas play in the Carnarvon Basin and attract partners BP, Beach Energy and New Zealand Oil & Gas to form the current joint venture. Success in Ironbark-1 would open up the potential of further Deep Mungaroo prospectivity along this play fairway.”
Exploration permit WA-359-P is located in the Carnarvon Basin, offshore Western Australia, approximately 50 km from existing North West Shelf LNG infrastructure.
The WA-359-P Joint Venture participating interests are:
- BP (operator) 42.5%
- Cue 21.5%
- Beach Energy 21%
- New Zealand Oil & Gas 15%
Read the latest issue of the magazine in full for free: Oilfield Technology's November/December 2020 issue
The November/December issue of Oilfield Technology begins by reviewing the state of the North Sea before moving on to cover a range of topics, including Drilling Technologies, Deepwater Operations, Flow Control.
Contributors come from Varel Energy Solutions, Gyrodata, Clariant Oil Services, Drillmec and many more.
Read the article online at: https://www.oilfieldtechnology.com/exploration/02112020/drilling-of-ironbark-1-exploration-well-begins/