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New Articles

Thursday, 24 July, 2008, 09:40 GMT | more prices >>

Rift weighs up Douglas options

By Upstream staff

UK-based Rift Oil is working on two different commercialisation options for its Douglas gas discovery in Papua New Guinea.

One involves a major longer-term user and the second would exploit gas through power co-generation on a smaller scale but with more immediate prospect of commercialisation, said project partner Austral Pacific Energy.

The Douglas-1 well was completed in late May 2006 and contains a gas resource of potentially several hundred billion cubic feet contained in a large structure with a maximum area of over 40 square kilometres, said Austral.

2D seismic data has identified and confirmed drilling locations on the northern sector of the Douglas structure. It also identified the nearby Puk Puk prospect as being a valid exploration drilling target.

Further specialised seismic processing will be conducted to determine if the data can be used to predict the presence of hydrocarbons at reservoir level elsewhere on Douglas and in the Puk Puk prospect, as was the case at the Douglas-1 well, added Austral.

Austral Pacific has a 35% interest in block PPL 235, with operator Rift owning 65%.