Adelaide-based Beach Petroleum has unveiled plans to sink three exploration wells back to back by January in lightly explored areas of the Bass and Otway basins off southern Australia.
Beach said in a statement that the plans will involve it in drilling through to the end of January next year, testing targets in the Bass basin just off northern Tasmania and in the offshore Otway basin in Australia’s Victoria state. The company said it had contracted the jack-up rig West Triton to carry out the work and would operate all three wells. Beach managing director Reg Nelson said in the statement the new wells provided similar opportunities to those in the Basker Manta project in the adjacent Gippsland basin, where the company holds a 30% stake. “Strategically, all three locations are close to key domestic energy markets or supply infrastructure so any commercial success will deliver significant outcomes to our expanding southern Australian operations,” he said. Beach said the first two wells of the new campaign would be drilled in shallow waters off Launceston in Tasmania, where the Bass basin shares a similar geological structure to the Gippsland sediments. The first well, PeeJay-1, will be sunk to a depth of 2133 metres on the T/39P permit, targeting up to 57 million barrels of recoverable oil in the Upper Eastern View Group. Beach will operate the well with a 50% stake, while Benaris Petroleum will hold the remaining 50%.
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