- Cooper Energy has announced a three well appraisal program has commenced at the Parsons oil field
- The appraisal wells will enable development well locations to be selected after a full field development plan is completed
- Each well program is expected to take 3 weeks
Cooper Energy has announced a three well appraisal program has commenced at the Parsons oil field.
The spudding of the first well Parsons-6 happened at 1:00 (AEST) today by the PEL 92 joint venture.
The Parson oil field is found at the Cooper Basin in South Australia.
Cooper Energy is a exploration and production company which focuses on its Cooper Basin oil production project.
The company has a 25 per cent interest in the PEL 92 with Beach Energy.
The three well appraisal program includes Parsons-6, Parsons-7 and Parsons-8 and all three will test the extension to the field boundaries to the north, north-east and south-east.
The target for all three wells is the Namur Sandstone.
Parsons-6 is located 1,100 metres north west of Parsons-3 and is estimated a total depth of 1,665 metres.
Parsons-7 is located 700 metres north- east of Parsons-3 and is estimated a total depth of 1,659 metres.
Parsons-8 is located approximately 600 metres south from Parsons-4 and is estimated a total depth of 1,670 metres.
Parsons is a producing oil field which connected to the PEL 92 storage facility at Callawonga by a pipeline.
The appraisal wells will enable development well locations to be selected after a full field development plan is completed.
The development plan is planned to be completed by the end of the year.
Successful wells that are in the current program can connected and commence production into the PEL 92 system by the end of the year.
Each well program will take one week to drill and complete.