Santos confirms large onshore gas resource at Barikewa-3

Santos has confirmed the presence of a significant natural gas resource at the Barikewa-3 well located in permit area PRL9, onshore Papua New Guinea.

Santos currently holds a 40 per cent interest in the PRL9 joint venture (JV) through subsidiary Barracuda. The JV’s operator Oil Search holds 45.1 per cent with Cue Energy Resources making up the remaining 14.9 per cent.

The company announced that it had intersected 25 metres of net gas pay within the Toro and Hedinia reservoir objectives.

Drill-stem testing was carried out at the Toro interval at 1729–1743 metres, flowing 35 million cubic feet of gas per day to the surface.

The well reached its total depth of 1943 metres on July 15 and is to be plugged once testing is complete.

Analysis has confirmed that this gas consists of approximately 20 per cent nitrogen with very low levels of impurities.

Santos managing director and chief executive officer Kevin Gallagher called the results encouraging.

“The Barikewa-3 result is encouraging and confirms that there are significant natural gas resources close to PNG LNG infrastructure still to be developed,” he said.

“Barikewa is located approximately 10 kilometres from the PNG LNG gas pipeline and is therefore well placed to play a part in future LNG expansion projects.”