Laverda appraisal identifies new oil zone

Woodside Petroleum believes the Greater Laverda area off Western Australia could hold over 100 MMbbl of recoverable oil.

Offshore staff

PERTH, Australia -- Woodside Petroleum believes the Greater Laverda area off Western Australia could hold over 100 MMbbl of recoverable oil.

This assessment is in light of a positive result on last month’s Laverda North-2 appraisal well, which encountered a gross interval of 18 m (59 ft) of new oil-bearing sands. Wireline sampling from this zone recovered more than 20 liters of oil to the surface.

The well also intersected a gross interval of around 10 m (33 ft) of oil-bearing sands in the Laverda oil field, which Woodside discovered in 2000.

Laverda North-2 was drilled as a side track to the Laverda North-1 appraisal well to a TD of 2,300 m (7,546 ft) MD.

The Greater Laverda area is in the WA-36-R concession in the Exmouth sub-basin, 10 km (6.2 mi) west of the Woodside-operated Enfield oil project. Woodside has a 60% operating interest, in partnership with Mitsui E&P Australia.

05/05/2011

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