Kina Petroleum has spudded the Raintree-1 exploration well in Papua New Guinea.
The well in PPL 337 is operated by Heritage Oil under a farmout agreement between Heritage and KPL.
Raintree is designed to test a carbonate reef and will be drilled to a target depth of between 800-1000metres at which point logging operations will happen.
Full wireline evaluation of reservoir intervals will be conducted, with both pressure and fluid sampling programmed.
Total drill time is expected to be around 15 days.
Kina Petroleum’s managing director, Richard Schroder, said: “The drilling program that is now underway is the culmination of significant operational and technical work undertaken prior to and since the completion of Heritage’s farm-in in late 2013.
“It has been more than 20 years since there was material exploration activity in northern PNG, and a success at either Raintree or Kwila has enormous positive implications for energy supply to Madang and regional mines, with the wells being ideally located to capitalize on these local markets.
“The experience and knowledge gained during the program delivers expertise critical to KPL’s future program in the Papuan Basin where the company is maturing targets suitable for this rig and close to proven successes such as Elk/Antelope.”
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