Hess strikes natural gas at Briseis well offshore Australia
2008.07.21 -
Field Development
Hess Corporation (NYSE: HES) announced today that the Briseis-1 exploration well on Australia's Northwest Shelf discovered natural gas in Jurassic and Triassic sandstones. The well encountered 151 feet (46 meters) of net gas pay, in line with pre-drill estimates. Briseis-1 is the second of four exploration wells being drilled on the WA-390-P Permit by Hess in 2008 and follows the successful Glencoe-1 well, which was announced as a discovery June 10, 2008.
"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," said John O'Connor, Hess President of Exploration and Production.
Briseis-1 was drilled in 3,668 feet (1,118 meters) of water by the semi-submersible rig, Jack Bates. Following the completion of the Briseis-1 well, the Jack Bates rig will move 25 kilometers southwest to drill the Nimblefoot prospect. The Nimblefoot-1 well will test a separate structure in the same permit.
Hess holds a 100 percent interest in the 780,000 acre WA-390-P Permit.
PA Resources AB has signed an agreement with the shareholders to acquire the entire share capital of the British oil exploration company Scotsdale Ltd. The company is focusing on low risk exploration in North West Europe. The acquisition means that PA Resources increases its presence in the North Sea with licenses in the United Kingdom and Denmark, and potentially also in the Netherlands.
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The Norwegian Petroleum Directorate (NPD) has granted ENI Norge AS a drilling permit for wellbore 34/12-1 in the North Sea.
Eni has successfully drilled the last appraisal well, encountered approximately 127 metres (419 ft) of net pay in multiple sands. The initial analysis indicates good reservoir quality.
