Exploration & Production | Discoveries
Bengal Energy Makes Oily Cooper Basin Discovery
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Bengal Energy has reported that the first exploration well in the Tookoonooka drilling campaign, Caracal-1, is a new oil discovery. This new discovery has established light oil on a new and unexplored trend with the Caracal-1 well being the first well to be drilled on the very large 654,335 acre Authority to Prospect (ATP) 732 (the "Tookoonooka Block") in the last 15 years. Seismic mapping defines a large structure, with the Caracal-1 closure alone estimated to cover an area of 5.5 square miles (approximately 3,500 acres).
The well was drilled as a vertical well and after being perforated, recovered free oil on swab testing commingled across two different sands in the Wyandra formation. Analysis of the down-hole pressure data collected during the production testing has commenced and will…
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