Muruk 1 Drilling Update
Sydney, Dec 28, 2016 AEST (ABN Newswire) - Oil Search Limited (
ASX:OSH) (OISHY:OTCMKTS), operator of PPL 402, advises that the Muruk 1 exploration well has reached a total depth of 3,130 metres. In line with the pre-drill prognosis, reservoir quality sandstone has been encountered in the primary objective (the Toro Formation). Log data acquisition over the reservoir interval has been largely completed, with preliminary interpretation of this data indicating that the reservoir contains gas with condensate, with no hydrocarbon-water contact observed.
Subject to Joint Venture approval, the rig will commence drilling a geological sidetrack down dip to the north east, to delineate the hydrocarbon-water contact within the Toro Formation.
The Muruk discovery is close to PNG LNG infrastructure and is located between the Hides and Juha gas fields.
About Oil Search Limited
Oil Search Limited (ASX:OSH) (OTCMKTS:OISHY) Oil Search Limited is engaged in the exploration, development and production of oil and gas fields. The Company holds interest in the PNG LNG Project, a liquefied natural gas (LNG) development project. It holds interest in Papua LNG Project. Its segments include PNG oil and gas, which includes the exploration, evaluation, development, production and sale of crude oil, natural gas, condensate and other refined products.
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