Oil Search Spuds Third Well in Gulf of Papua Offshore Gas Drilling Campaign

SYDNEY (AUSTRALIA) - Australian oil company, Oil Search has spudded its third and final well in its current drilling campaign in the Gulf of Papua offshore Papua New Guinea.

Kidukidu-1, located about 268 kilometres west-northwest of Port Moresby in 98 metres of water, targets a submarine, basin-slope fan sandstone of Pleistocene age.

The well has a planned depth of about 2,800 metres and is expected to take 35 to 40 days to drill.

Flinders-1, the first well in the program, had intersected a 5-10 metre gas column in good quality sandstone that has the potential to extend over the broader Flinders structure updip of the well.

The second well, Hagana-1, intersected a 9 metre gas column in the deeper secondary Pliocene objective.

While Oil Search has traditionally focussed on its onshore oil and gas fields along with the ExxonMobil-operated PNG LNG project, the offshore exploration with French supermajor Total could support a new liquefied natural gas hub if successful.[ProactiveInvestor]
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