Reserves | Key Wells
AWE, Origin's Gas-in-Place Estimates Reduced at Yolla
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AWE Limited advises that the Operator of the BassGas Joint Venture in permit T/L1, Origin Energy, has provided a preliminary reassessment of reserves for the Yolla field based on new data obtained from the recently drilled Yolla-5 and Yolla-6 development wells.
Interpretation of log and pressure data obtained from Yolla-5 and Yolla-6 has resulted in a reduction in the estimated original gas in place for the field, although further technical work is required to validate this estimate.
Whilst recognising the need for further analysis, AWE has chosen to adopt the preliminary reassessment of the Operator and reduce its share of reported remaining 2P Reserves for the Yolla field by 5.5 mmboe, down to 13 mmboe (as at 30 June 2015). After the recently announced 19.3 mmboe increase in 2P…
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