Total hits tough layers in Papua
Papua New Guinea “The well is designed to provide structural control and reservoir definition on the field’s western flank,” the company said in a statement. “It has a proposed total depth of around 2,300 meters [7,545 feet] MDRT and is located about 1.45 km west-south-west of Antelope-5.”
By the end of January, the press release added, the well was at 1,980 meters (6,496 feet) MDRT and was “drilling ahead in the Orubadi Formation.”
Total has about 40.1% interest in the well. InterOil, which faces an ExxonMobil takeover bid, holds some 36.5%, Oil Search has around 22.8% and the rest is held by “minority parties.”
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