Santos rns29 Jan 2021 09:53
https://wcsecure.weblink.com.au/pdf/CTP/02335524.pdf
Exploration Activities
AMADEUS EXPLORATION PROGRAMME – NORTHERN TERRITORY
Work continued on planning and approvals for Central’s planned multi-well exploration program in the Amadeus Basin which targets proven hydrocarbon-bearing formations that can be tied-in to existing infrastructure. The proposed gas exploration program includes three wells, Dingo Deep (Dingo 5), Orange 3, and Palm Valley Deep. Two of these wells (Palm Valley Deep and Dingo Deep) are being designed to produce from the shallower producing formations in addition to deeper exploration. If successful, and in conjunction with subsequent development, the program would more than double Central’s oil and gas reserves.
Well designs have been finalised, tenders called and applications lodged for various approvals required for exploration in the Northern Territory. The exploration program is subject to the farm-out process currently underway, with a target commencement of drilling in Q3 CY2021.
DUKAS-1 (EP112) – NORTHERN TERRITORY
CTP – 30%, Santos (and Operator) – 70%
Dukas-1 is a gas prospect with multi-TCF potential located approximately 175 km south west of Alice Springs. The structural closure appears to be in excess of 400 km2, making it one of the largest-known onshore conventional gas prospects in Australia.
The Dukas-1 exploration well was suspended at a depth of 3,704m in mid-2019, after encountering hydrocarbon-bearing gas from an over-pressured zone close to the primary target.
During the December quarter, work progressed on assessing various options to intersect the target formation using specialised high-pressure drilling equipment. A decision on the preferred option is expected early in 2021.
Central and Santos are targeting 1H of CY2022 to drill the follow-up to Dukas-1. This schedule allows the opportunity to consider the various options and associated well designs, permits and approvals, and sourcing of specialist high-pressure equipment and drill rig. The JV is currently working to finalise and approve a well design and drilling schedule.
Central can be carried for the first $3 million of its share of the cost of the Dukas-1 follow-up well in certain circumstances.
EP115, AMADEUS BASIN – NORTHERN TERRITORY
CTP – 100% interest
In parallel to Dukas, options are being considered to appraise the larger sub-salt Zevon lead through the acquisition of seismic data, as well as potential opportunities to farm-out exploration in EP 115.
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