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 byQuadrant Energy, is expected to take 25 days to drill on a trouble-free basis.
