Nexus plans infill drilling in Longtom gas field

Nexus Energy Ltd., Melbourne, is pushing ahead with plans for drilling the Longtom-5 infill well in Victorian offshore Gippsland production licence Vic/L29 as part of the company’s plans to bolster reserves for its wholly owned Longtom natural gas field in Bass Strait.

The well is slated for first-half 2013. Nexus hopes to contract AGR Group as the program’s drilling manager.

Nexus changed tack at Longtom earlier this year after confirming that the 2P reserves for the field had been downgraded to 137 petajoules. This downgrade followed a review of data which revealed that the field geology was more complex than at first thought (OGJ Online, Oct. 27, 2009).

Even so, Nexus remains confident it will be able to meet its commitments in a gas sales contract with Santos for the supply of as much as 350 petajoules over 10 years.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...