Glencoe-1 exploration well off Australia hits gas pay

The Glencoe-1 exploration well on Australia's Northwest Shelf discovered natural gas in Upper Jurassic sandstones, operator Hess Corp. said today.

Offshore staff

NEW YORK -- The Glencoe-1 exploration well on Australia's Northwest Shelf discovered natural gas in Upper Jurassic sandstones, operator Hess Corp. said today. The well encountered 92 ft (28 m) of net gas pay, in line with pre-drill estimates and nearby Jurassic discoveries. Glencoe-1 is the first of four exploration wells being drilled on the 780,000-acre WA-390-P permit by Hess in 2008.

Glencoe-1 was drilled in 3,678 ft (1,121 m) of water by the semisubmersible rig,Jack Bates. Following the completion of the well, Jack Bates will move 14 km (8.7 mi) east to drill the Briseis prospect. The Briseis-1 well will test a separate structure in the same permit.

06/10/2008

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