Session 1. Oral Presentation for: The impact of exploration/appraisal activities on the recovery per well in North Perth Basin

Abstract

Presented on Tuesday 21 May: Session 1

The North Perth Basin (NPB) in Western Australia has experienced significant petroleum industry activity over the past 3 years (2021–2023), marked by the drilling of exploration and appraisal wells by various operators, along with notable merger and acquisition transactions. This flurry of drilling activity, coupled with the acquisition of new seismic data, have enhanced our understanding of the variability within the primary petroleum play levels – namely, the Permian ‘Kingia’ and High Cliff reservoirs. This understanding is crucial for assessing the future potential of domestic gas supply in Western Australia. This paper aims to elucidate how recent drilling efforts have narrowed the basin-wide portfolio of available gas prospects relative to the situation in early 2021, and how the landscape of undiscovered gas resources has evolved. This shift is attributed to both unsuccessful exploration attempts and revised estimates of well deliverability. Furthermore, an updated long-term production forecast for the NPB – considering existing gas pools and the newly assessed undiscovered resources – emphasises the urgent need to re-evaluate the narrative concerning gas availability for the domestic market. The Permian gas plays within the NPB have proven to be more intricate and unpredictable than previously believed. Nonetheless, their significance to the Western Australian economy is anticipated to be substantial for many years ahead.

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