Energy Club NT - Central Petroleum: New Mereenie Well Online

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Central Petroleum: New Mereenie Well Online - Exceeds Target Production Rate

Central Petroleum: New Mereenie Well Online - Exceeds Target Production Rate

22 Jan 2025 9:42 AM | Stephanie Berlin (Administrator)

Central Petroleum's new Mereenie production well, WM29 is now online, over one month ahead of schedule. The well flowed at 7 TJ/d during initial testing over a two hour period. WM29’s production will be limited to 6 TJ/d, which is the sustainable capacity limit of the wellhead skid - a rate that is double the pre-drill expectation of 3 TJ/d.

The flow rate achieved at WM29 takes aggregate Mereenie field production up to the pre-drill target of 30 TJ/d. The second well of the two well program, WM30, is being drilled and currently at a depth of 585m. WM30 is expected to be completed by late February, with commencement of production anticipated in early March.

Gas from WM29 is now being sold into the Northern Territory market which needs additional supply.

To view the full ASX announcement, click here.

Source: Leon Devaney, MD & CEO, Central Petroleum Limited

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