PERMIAN DEEP GAS
Omega Oil and Gas has two exploration permits in the Surat Basin in South East Queensland, ATP 2037 and ATP 2038. The two permits represent an area of over 250,000 acres and are located approximately 50 km away from critical gas transmission infrastructure.
The primary objective of our exploration program is to explore the Permian Deep Gas play which, if successful, represents a potential multi-TCF gas resource.
PL 17 was discovered by Union Oil in the 1960’s. Since its discovery, it has continued to flow oil. Since its acquisition by Omega, PL 17 has continued to flow, with production from the Bennett oilfield.
The Bennett oilfield produces 45° API oil from the Lower Jurassic and Upper Precipice Sandstone through two wells – Bennett-1 and Bennett-4.
COAL SEAM GAS
RISC conducted a subsurface review of the PL 17 CSG opportunity using data from Ludwig-1 (drilled by Santos) and offset well data predominantly from the adjoining Ironbark field.
The coals were divided into Upper (Northern Block) and Lower (Southern Block) Juandah and Taroom to account for the different gas content observed in these coals.
The majority of the recoverable gas of 191 PJs is from the northern area where initial gas contents are higher. Actual recovery will depend on the development undertaken.