Transerv details Xanadu drilling plan offshore Australia

Transerv Energy has entered into an alliance with Norwest Energy to facilitate farm-out and drilling of the 160-MMbbl Xanadu prospect in the TP/15 permit offshore Western Australia.

TP/15 permit offshore Western Australia
TP/15 permit offshore Western Australia

Offshore staff

PERTH, Australia – Transerv Energy (TSV) has entered into an alliance with Norwest Energy (NWE) to facilitate farm-out and drilling of the 160-MMbbl Xanadu prospect in the TP/15 permit offshore Western Australia.

Xanadu is said to be a well-defined structural closure close to the coast near theCliff Head and Jingamia oil fields which can be drilled and produced from a nearby, land-based drilling site.

TSV and NWE aim to finalize the farm-out this year to ensure drilling goes ahead during 2017.

Permit TP/15 lies within a conventional oil play in the offshore northern Perth basin in the 3 nautical-mile wide state territorial waters adjacent to the township of Port Denison.

Xanadu is a prominent horst block lying parallel to the coastline in very shallow water. The Xanadu-1 well will target Permian sands from a depth of around 800 m (2,624 ft).

Near-shore sands of the Dongara Sandstone represent the primary objective, with secondary targets in the fluvio-deltaic Irwin River Coal Measures and the regressive marine sands of the High Cliff sandstone.

Structural mapping, based on 2D seismic and high resolution gravity data from a 2009 airborne 3D full tensor gradiometry survey, indicates Xanadu is geologically similar to both the Cliff Head and Hovea structures.

07/11/2016

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