Managing director and CEO Adrian Cook said the well would test the extent of the Outtrim-1 oil discovery and upside potential in new oil-charged sands to the north and east of Outtrim-l.
More specifically, it will test for the presence of hydrocarbons in the lower Cretaceous Barrow Group sandstones Pyrenees Formation, similar to the Outtrim-1 sequence, with the following objectives:
- Drill below the oil water contact to total depth with log coverage over the zone of interest
- Evaluate the objective interval for the presence of reservoir and hydrocarbons using quantitative gamma-ray, resistivity, neutron, density, CMR, and sonic logs
- Obtain formation pressures and fluid samples over the hydrocarbon bearing interval, and conventional core over the Pyrenees formation objective.
The well is around 970 m (3,182 ft) east of Outtrim-1 in 95 m (311 ft) of water with a target interval around 1,400 m (4,593 ft) below the seabed.
Outtrim East-1, operated by Quadrant Energy, is expected to take 25 days to drill on a trouble-free basis.
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