Santos to Drill at Oz Southern Amadeus Farmout
Australian Santos has decided to drill a well at the Southern Amadeus farmout in the Northern Territory, Australia, and earn a 70% participating interest in the permit, partner Central Petroleum said Wednesday.
“It is expected that Santos will drill the Dukas Prospect in EP112 which will be a free carry for Central under the farmout, with drilling anticipated in the first quarter of 2019,” Central said.
If successful, the Dukas prospect could contain multiple trillions of feet3 of gas, it said.
“Two other wells in the Southern Amadeus Basin (Mt Kitty and Magee) have demonstrated a hydrocarbon system exists. Further, the presence of helium and hydrogen offers potential value add,” the company said.
Santos has elected to remain at a 40% participating interest in EP82, EP105 and EP106 with no further farmout works to be completed. Central will retain a 60% participating interest in these permits, it said.
Santos and Central entered into a farm-in agreement in September 2012 for the Southern Amadeus joint venture.