Exploration & Production | Key Wells
Terra Nova to Plug Latest Australian Well
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Terra Nova Energy Ltd., the Operator of Petroleum Exploration License (PEL) 444, advises that it drilled through the Mid-Birkhead channel, as prognosed by the seismic interpretation.
The well reached target depth (TD) at a depth of 2176 meters, 7138 feet, on time and under budget. No hydrocarbons were found to be present and therefore the well will be plugged and abandoned.
Henry Aldorf, CEO of Terra Nova, stated, "Although there were no hydrocarbon shows, the well proved the existence of the Mid-Birkhead channel system in PEL 444.These results will be included to improve our exploration model. The experience in the Cooper Eromanga basin has shown both wet and Hydrocarbon filled channels can exist in close proximity to each other. We have plans, once this model is updated, to review other…
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