Victoria Petroleum NL has been advised by Bow Energy Ltd (BOW) that a completion and swab test carried out on Donga-4, located in Surat Basin permit ATP 805P, this week recovered 27.5 barrels of fluid interpreted as mostly completion and drilling fluid with no hydrocarbons. This is despite a small recovery of oil from a test when the well was initially drilled in late 2006. The well has been suspended and the completion rig was released late yesterday afternoon.
Samples were taken of the recovered swab fluid which will be analysed to determine if formation water is present. In addition, the well will be monitored over the next few months for fluid build up and presence of hydrocarbons.
The results suggest the reservoir is tight or compartmentalised and will unlikely flow at commercial rates on its own. Pending results of the fluid analysis and the monitoring of the well, Bow may consider reservoir stimulation options in the future.
Participants in ATP 805P are:
Bow Energy Ltd (Operator) 85%
Victoria Petroleum NL 15%