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3D Oil finds new Bass Strait prospect
By Upstream staff
Australia’s 3D Oil has discovered a significant new oil prospect in the Bass Strait, near the West Seahorse oilfield.
The new Wardie prospect was revealed by 3D’s ongoing technical evaluation of the Vic/P57 permit, the company said.
The new prosepect will now be drilled early next year as part of 3D’s multi-well Bass Strait exploration programme, ahead of the Sea Lion prospect due to the lower perceived risk and proximity to West Seahorse.
Estimates of the possible resource within the Wardie prospect are still being prepared, 3D said.
The company is currently undertaking well planning in conjunction with Australian Drilling Associates and considering its drilling options.
One option includes drilling both West Seahorse-3 and Wardie-1 as deviated wells from the one location.
3D acquired a 100% interest in the Gippsland basin permit Vic/P57 in April 2004.
The permit contains the West Seahorse oil field as well as significant oil exploration opportunities.
Oil production from West Seahorse could start as early as 2010.
Tuesday, 16 October, 2007, 03:01 GMT | last updated: Tuesday, 16 October, 2007, 07:03 GMT
