Cooper set to spud Gurame-1X
Australian-listed Cooper Energy has high hopes as it prepares to begin its
first major international gas appraisal Gurame-1X well in shallow water off
North Sumatra in Indonesia.
The Perth-based junior said today that it will use the Ensco-1 to drill the
well that is expected to spud around the end of March.
Five previous wells have proved the presence of gas in a number of vertically
stacked reservoirs in the Gurame gas discovery area.
The objective of the Gurame-1X well is to further delineate the gas,
demonstrate it can flow at commercial production rates and obtain modern
data from reservoirs for field development planning, said Cooper.
Historical recoverable hydrocarbon estimates for the field are between 400
billion cubic feet of gas with 20 million barrels of liquids and 2.7
trillion cubic feet of gas with 150 million barrels of liquids.
“Importantly, this is a relatively low-risk appraisal well in a discovered gas
field, which is designed to assist in maturing the substantial discovered
but undeveloped recoverable hydrocarbons into development and then
ultimately into production,” said Cooper’s boss Mike Scott.
Cooper has a 22.5% stake in the Seruway production sharing contract which
contains the Gurame gas field.
Gurama is about 50 kilometres from the giant Arun gas condensate field and
liquefied natural plant, allowing the project potentially to piggyback on
its infrastructure and markets, Cooper said.
20 February 2008 02:57 GMT
| last updated:
20 February 2008 08:35 GMT
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