Speculant-1 options being assessed

OE Staff
Wednesday, January 21, 2015

Origin Energy says the Speculant-1 exploration well in the Otway basin, offshore Victoria, Australia, is to be suspended while development options are assessed. 

The well, which encountered "potentially commercial quanitities of gas" in the primary Waarre formation reservoirs target, as announced 9 December, had reached 4917m MDRT (measured depth below rotary table).

Speculant-1 is about 3km off southern Victorian, about 30km south east of Warrnambool. Extended reach drilling technology is being employed from onshore to access offshore gas reservoirs.

The well was drilled using the rig Ensign 931 in conjunction with the development drilling of the Halladale field. Origin has 100% ownership of the Speculant-1 well permit.

Categories: Drilling Natural Gas Exploration

Related Stories

Transocean Scoops $100M for Two-Well Drilling Job for Equinor

Transocean Scoops $100M for Two-Well Drilling Job for Equinor

Exxon Signs Agreement With Azeri SOCAR to Explore Oil Production

Exxon Signs Agreement With Azeri SOCAR to Explore Oil Production

CCS Partners Find Sweet Spot for CO2 Injection and Storage in North Sea

CCS Partners Find Sweet Spot for CO2 Injection and Storage in North Sea

Current News

UK Firm Seeks Suppliers to Build Full-Scale Tidal Energy Prototype

Brava Energia Inks $65M Deal with PetroReconcavo for Natural Gas Assets

Record Offshore Wind Auction Required for UK to Meet Targets

First French Floating Wind Farm Fully Commissioned

Subscribe for OE Digital E‑News

Offshore Engineer Magazine