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- Global Oil and Gas (GLV) and Prominence Energy’s (PRM) joint venture partner, Western Gas, moves to drill the reservoir sand section at the Sasanof-1 well in WA
- Sasanof-1 lies within the prospect of the same name in WA’s North West shelf, in which Western Gas holds 52.5 per cent, GLV 25 per cent and PRM 12.5 per cent
- Western Gas has installed the marine riser and well control Blow Out Preventer at the well, with pressure and function tests underway
- The company will then run the bottom hole drilling assembly in hole to drill out shoe track cement before completing integrity tests ahead of drilling the target reservoir section
- Global Oil and Gas shares are up 10.5 per cent trading at 2.1 cents at 1:06 pm AEST, while Prominence Energy shares were up 7 per cent trading at 0.8 cents at the same time
Global Oil and Gas (GLV) and Prominence Energy’s (PRM) joint venture (JV) partner, Western Gas, is set to begin drilling the reservoir sand section at the Sasanof-1 well.
GLV this morning said a marine riser and well control Blow Out Preventer (BOP) had been installed in the project area, connecting the drill rig to the Sasanof-1 High-Pressure Wellhead Housing, and the system was currently being pressure and function tested.
On completion of this testing, the bottom hole drilling assembly will be run in hole to drill out the shoe track cement, after which the JV partners will conduct integrity tests.
This will enable Western Gas to push on with drilling of the 12-and-a-quarter-inch target hole section from the current depth of 2072 metres to around 2500 metres.
Global Oil and Gas said it expected drilling through the target reservoir sand section to occur over the weekend.
Western Gas holds the majority 52.5 per cent interest in Sasanof-1, while Global Oil and Gas holds 25 per cent, Prominence Energy 12.5 per cent, and London Stock Exchange-listed Clontarf Energy 10 per cent.
Sasanof-1 lies within the prospect of the same name in Western Australia’s North West Shelf.
Last month, Western Gas announced mobilisation activities had begun for the commencement of drilling in the area.
According to GLV, the reservoir is predicted to be a series of coarsening upward sandstone cycles with a gross thickness of 80 metres at the well location.
Additionally, Prominence Energy pointed out that an independent assessment found the prospect was estimated to host a 2U prospective resource of 7.2 trillion cubic feet of gas and 176 million barrels of condensate, with a 32 per cent chance of success.
Global Oil and Gas shares were up 10.5 per cent trading at 2.1 cents at 1:06 pm AEST, while Prominence Energy shares were up 7 per cent trading at 0.8 cents at the same time.
