Vintage Energy said that stratigraphic correlation during drilling proved more difficult than anticipated, however intersection of the Holmwood Shale confirmed the prospective section has been drilled. All potential reservoir sands are water-wet based on the lack of oil shows and interpretation of log data obtained while drilling.
Cervantes-1 was drilled by the L14 Cervantes joint venture, comprising Vintage earning 30%, Metgasco Ltd earning 30% and RCMA Australia Pty Ltd (RCMA) 40%. Vintage will earn its stake in any Cervantes discovery in the targeted Permian reservoirs through funding 50% of the cost of Cervantes-1 (with Metgasco to fund the remaining 50% to earn its stake). The well was operated by RCMA, with drilling management services supplied by Aztech Well Construction Pty Ltd.
Read the latest issue of Oilfield Technology in full for free: Spring 2022
Oilfield Technology’s first issue of 2022 begins with analysis from Wood Mackenzie on the disconnect between surging oil prices and US oil production growth and investment. The rest of the issue is dedicated to features covering sand removal technology, dissolvable frac plug technology, digitalisation of offshore operations, annular intervention, oilfield chemicals, subsea compression systems and smart instrument measurement.
Exclusive contributions come from TETRA Technologies, NOV, Archer, Expro, Locus Bio-Energy Solutions, AES Drilling Fluids, MAN Energy Solutions and Winters Instruments.
Read the article online at: https://www.oilfieldtechnology.com/exploration/07042022/perth-basin-exploration-well-plugged-and-abandoned/