394714b5bafddf57bbd210.pdf
Exploration and Appraisal Drilling Update - September 2015
(ASX:OSH | ADR: OISHY | POMSoX: OSH)
8 October 2015
* All depths quoted are MDRT (measured depth from rotary table)
Well Name Well Type Location
Spud Date Rig
Objective/ Targets
Status
Operator Participants1
|
Antelope 4 ST1
Gas appraisal
PRL 15, Gulf Province, PNG
1km south-southeast of Antelope 2 27 August 2015
Rig 103
Confirm the structure, reservoir continuity and quality in the southern portion of the field.
At 30 September 2015, Antelope 4 ST1 was at a depth of 1,940 metres and running liner in an 8-1/ ' hole, after tagging the top of the
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target carbonate reservoir.
During the month, the well encountered the target reservoir approximately 32 metres high to prognosis. Drilling progress for the month was 1,037 metres. The forward plan is to complete cementing the liner and then drill ahead through the reservoir to the planned total depth.
Total E&P PNG Limited
1 Gross interests, pre-Government and landowner back-in
|
Oil Search
|
22.8%
|
Total
|
40.1%
|
InterOil
|
36.5%
|
Minorities
|
0.5%
|
Total
|
100%
|
Oil Search Limited
Incorporated in Papua New Guinea ARBN 055 079 868
Head office
Port Moresby Papua New Guinea
Sydney office
1 Bligh Street
Sydney NSW 2000 Australia
Mailing address
GPO Box 2442
Sydney NSW 2001 Australia
Tel: +61 2 8207 8400
Fax: +61 2 8207 8500
www.oilsearch.com
Well Name Well Type Location
Spud Date
Rig
Objective/ targets
Status
Operator
Participants
Taza 3 ST1
Oil appraisal
Taza PSC, Kurdistan Region of Iraq 6km SE of Taza 1
22 October 2014
Sakson Rig 605
A deviated hole to better define the structural configuration, fluid contacts, reservoir quality and distribution and nature of fracturing of the carbonate reservoirs in the southern part of the PSC.
During the month, Taza 3 ST1 was plugged and abandoned and the rig demobilised. The forward plan is to evaluate the results of the drilling, together with the recently processed 3D seismic, prior to making further drilling decisions.
Oil Search (Iraq) Limited
Oil Search (Iraq) Limited1
|
60%
|
Total E&P Kurdistan Region of Iraq (Taza) B.V.
|
20%
|
Kurdistan Regional Government (KRG)
|
20%
|
Total
|
100%
|
1 Oil Search's funding interest is 75%, with the KRG's 20% interest carried by Oil Search and Total E&P Kurdistan Region of Iraq (Taza) B.V.
PETER BOTTEN, CBE
Managing Director
For further information please contact:
Ms Stephanie Chu
Senior Investor Relations Advisor Tel: +61 2 8207 8542
Mob: +61 481 038 179
Oil Search - September Drilling Report - 8 October 2015
www.oilsearch.com
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