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InterOil strikes hydrocarbon pay at Bobcat-1 onshore Papua New Guinea

11th December 2014

InterOil has notified the Papua New Guinea department of petroleum and energy of a discovery at the Bobcat-1 exploration well in the PPL476 licence

InterOil has notified the Papua New Guinea department of petroleum and energy of a discovery at the Bobcat-1 exploration well in the PPL476 licence
As the first part of the appraisal programme, the company now intends to deepen the well to appraise reservoir quality

The well was tested over an interval of about 320-metres of Kapau limestone, the upper section of the target reservoir, and flowed and flared hydrocarbons at surface.

Seismic mapping, wireline logging and testing results indicate the well is close to the gas-water contact in the transition zone.

Recently acquired seismic indicates the crest of the structure lies several kilometres west of the current well location and is several hundred meters higher than the current well depth.

Following these results, InterOil has notified the department that it has declared a total depth for the exploration well at 3,207 metres.

Future appraisal will include additional seismic and drilling.

As the first part of the appraisal programme, the company now intends to deepen the well to appraise reservoir quality.

Bobcat-1 is about 30-kilometres northwest of Elk-Antelope.

InterOil holds a 78.1114 per cent interest in the well and is operator.

The remaining 21.8886% interest is held by minority interests.

InterOil recently had success at its Raptor-1 well also onshore Papua New Guinea

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