Exxon payment hooked to drilling

PAPUA New Guinea partners Oil Search (22.8350%), Total (40.1275% and operator) and InterOil (36.5375%) say the potentially vital Antelope-7/ST-1 well has reached 1980m and is drilling ahead in the Orubadi Formation.
Exxon payment hooked to drilling Exxon payment hooked to drilling Exxon payment hooked to drilling Exxon payment hooked to drilling Exxon payment hooked to drilling

Haydn Black

Reporter

The well needed to be side-tracked from 1178m in December after encountering drilling difficulties in the Orubadi Formation at 2127m. 
 
The well is designed to provide structural control and reservoir definition on the field's western flank. It has a proposed total depth of around 2300m.
 
It will help define how much of an additional payment ExxonMobil needs to make for control of InterOil, if shareholders in the Canadian oiler back the takeover. 
 
Oil Search also says its Muruk-1/ST-1 well, which is drilling out from the Muruk-1 discovery, is now at 3463m and preparing to run a seven-inch liner before penetrating the Toro reservoir.
 
The sidetrack is being drilled to evaluate the structure and investigate the down-dip extent of hydrocarbons.
 
Oil Search says that depending on the results consideration will be given to drilling a second geological sidetrack, to further appraise the extent of the discovery.

 

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