Norwest finds oil in Xanadu

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Norwest Energy was delighted to report that it had struck oil at its Xanadu-1 well in the Perth Basin, albeit sounding a note of caution that wireline logs still have to be run to deliver a better understanding of the discovery.

Norwest, operator of the TP/15 permit in which Xanadu-1 was drilled in shallow waters, 40km south of Dongara, said the conventional oil exploration well had “made excellent progress” since it was spudded on September 4 and evaluation of the prospect is ongoing.

Having reached a total depth of 2035m, Norwest confirmed that Xanadu-1 has intersected hydrocarbon bearing reservoirs demonstrated by elevated gas readings, oil shows, fluorescence and cutfluorescence whilst drilling reservoir sections.

At the time of going to press a wireline logging suite that includes pressure testing and fluid sampling was imminent.

“In addition to the pending logging program, a 7” casing string is currently enroute to site from the North West, so that in the event that logging results are positive, the well will be cased and suspended in preparation for an extended well test, once planning and approvals are complete,” Norwest said in a note to investors.

“Operations on location have gone exceptionally well, and as a result the JV agreed to extend drilling beyond the base of the High Cliff Sandstone to include the deeper sandstones of the Holmwood Shale,” the company added.

Norwest CEO Shelley Robertson said: “I am extremely pleased to have these early positive indicators of hydrocarbons encountered during the drilling of Xanadu-1. Although further evaluation is required to understand the full potential, these are excellent first results.

“It’s been a while in the making, and now we have drilled the well – what a fabulous achievement. I look forward to the program ahead, and would like to thank the team involved in getting us to this point –Aztech Well Construction, Enerdrill and my team at Norwest, our joint venture partners, and our shareholders that have supported us in reaching this significant milestone. Thank you to all.”

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