AWE Starts Feasibility Study of Perth Basin Tight Gas Accumulation

AWE Limited has commenced a development feasibility study for the commercialisation of the Senecio tight gas accumulation located in the north Perth Basin, Western Australia.

“Analysis of pressure tests conducted in November 2012 and other data captured since the fracture stimulation has confirmed permeability of between 0.03 to 0.06mD, which is within the pre-frac estimated range. This analysis, together with the successful flow test in September 2012 that reported a stabilised gas rate of 1.35 MMscf/d from a 5m perforation interval, demonstrates potentially commercial reservoir flow capacity,” the company said.

The company feels that Senecio tight gas commercialisation program is gaining momentum and that positive subsurface data has given the company considerable confidence that commercial gas production can be achieved from the Senecio discovery.

AWE has a 50% stake in Senecio-2 with Origin Energy holding the remaining 50%.