The Briseis-1 exploration well found gas over a depth of 151 feet (46 meters), in line with estimates before the well was drilled, New York-based Hess said today in a statement distributed on Business Wire. Two more wells will be drilled this year, it said.
Hess last year beat 10 rivals for the permit on the North West Shelf, with a commitment to drill 16 wells within the first three years at a cost of A$501 million ($469 million), making it the most-expensive license to be awarded in Australia. Last month, the company announced a gas discovery at the Glencoe-1 well, the first to be drilled in the permit.
“While we are still in the early stages of our exploration program in Australia, the results of these first two wells reinforce our view of the high impact potential of the WA- 390-P permit,” John O’Connor, president of exploration and production at Hess, said in the statement.
The license area, wholly owned by the U.S. company, lies to the southwest of the 40 trillion cubic feet Gorgon and Jansz gas fields, which Chevron Corp. is seeking to develop for liquefied natural gas exports. Hess has estimated the potential gas resource in the WA-390-P permit at between 2 trillion cubic feet and 15 trillion cubic feet.
The Jack Bates drill-rig will now be moved 25 kilometers to the southwest to drill the Nimblefoot prospect, Hess said.
source : bloomberg.com
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