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Friday, 09 January, 2009, 00:40 GMT | more >>

Nexus ready to drill Crux appraisal



By Upstream staff 

Australia’s Nexus Energy is set to drill the Crux-2 appraisal well in the Browse basin off north-west Australia using the semi-submersible drilling rig Songa Venus.

The well will appraise the Crux field and will be the first of six development wells if successful.

Crux-2 is located about two kilometres north-east of the Crux-1 discovery well, which had struck a 244 metre gas column in high quality Triassic reservoirs.

Nexus' best estimates of the Crux field's contingent resources are 71 million barrels of condensate and 2 trillion cubic feet of gas

Nexus retains a 100% interest in the condensate in Crux, the proposed Crux liquids project and any other condensate or oil discovered in and extracted from Block AC/P23 on or before 31 December 2020.

Shell is entitled under an agreement to take gas from the block before this date provided it does not adversely affect the Crux liquids project.


Wednesday, 27 December, 2006, 06:00 GMT  | last updated: Wednesday, 27 December, 2006, 06:13 GMT

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