Comet Ridge Limited has announced that the Mahalo Joint Venture (Comet Ridge-40%, Santos-30%, and APLNG-30%) has unanimously approved the Amended Mahalo 2017 Joint Venture Exploration Work Program.
This follows the announcement last week that Comet Ridge was appointed agent on behalf of the Exploration Operator to manage the field subsurface work in respect of the Mahalo 2017 Joint Venture Exploration Work Program and Budget until 31 December 2018.
Tor McCaul, Comet Ridge’s Managing Director said that this decision by the Joint Venture to approve a Work Program focused on moving 3P Reserves over into the 2P Reserves category in a cost effective way, highlighted the willingness of gas explorers/producers to meet the growing east coast market demand.
As previously announced, the planned field work for the Mahalo Block as approved includes several components. The current planning suggests that this work will get underway in the second quarter this year, while pre-planning and logistics to execute the programme is already well underway.
The approved 2017 Exploration Work Program includes:
- Initial stimulation (under-reaming) of the four Mira vertical pilot wells to improve both water and gas offtake rates and the potential of drilling a horizontal well in the Mira pilot area to establish production performance consistent with that already achieved in the Mahalo pilot, which lies 13 km northwest of Mira.
- Drilling of a single step-out corehole to the northeast of Mira for reserves confirmation purposes.
- Studies work as required.
The company will update the market on field and operational aspects of the JV work program as progress is made.
Read the article online at: https://www.oilfieldtechnology.com/exploration/13042017/comet-ridge-mahalo-block-operational-update-work-plan-approved/