Norwest Energy has begun drilling operations on the Xanadu-1 oil well as of today. It was originally forecast to take place 11 days later but site works and a smooth rig mobilisation accelerated the spud date.
The Xanadu-1 well will be drilled to a planned maximum total depth of approximately 1863 MDRT and is forecast to take approximately 23 days in total to complete. The well is being drilled from onshore to offshore using a deviated well profile, with the target located beneath shallow water, approximately 1.3km from the coastline.
The Xanadu-1 well is targeting the Xanadu prospect, with an unrisked recoverable resource of 160 million barrels of conventional oil (refer to NWE ASX Announcement 29/10/14). The Xanadu-1 well primary target is the Permian Dongara Sandstone, with secondary targets in the Irwin River Coal Measures and the High Cliff Sandstone. The structure is considered to be one of the largest untested oil prospects in the Basin, with this same play resulting in four oilfield discoveries in the vicinity, namely Cliff Head, Hovea, Eremia and Jingemia.
See the full press release here.