psc - Kufpec

AUSTRALIA
Harriet Joint Venture
(KUFPEC: 19.28%)
Net production in the Harriet Joint Venture averaged
3,591 boepd in 2010 compared to 3,479
boepd in 2009. This total was achieved despite the
complete absence of drilling activity in 2010.
Three new wells and a new 3D seismic survey
have been budgeted for 2011.
Mutineer Field - Australia
Mutineer Exeter Field
(KUFPEC: 33.4%)
During 2010, net production in the Mutineer-
Exeter Field declined to 1,724 boepd compared
to 2,736 boepd in 2009. This decline was the result
of the failures of the down hole submersible
pumps installed on the producing wells. As a
WA-356-P
(KUFPEC: 35%)
In 2010, exploration and appraisal drilling continued
in the Julimar and Brunello areas. Successful
wells drilled in 2010 were Julimar SW-1, Julimar
SW-2, Balnaves-3 and Balnaves-4. The Balnaves oil
development is to be evaluated as a separate project
and a further delineation well, the Balnaves
Deep-1 well, has been scheduled for drilling in
early 2011. The Balnaves FEED study for a possible
oil development in B20 sandstone is to be initiated
in 2011.
consequence of this, the producing wells were
initially shut-in but some were later started
on free flow production at reduced rates. Two
work-overs scheduled for 2010 were delayed
into 2011 when a rig will be available.
The Joint Venture finalized the location of the 5
graticular blocks for the Production License and
Development Plan Application for WA-356-P.
The blocks were approved by the Government.
The Preliminary Development Plan for WA-
356-P, which is to supply gas to Wheatstone
LNG Development, was completed and submitted
to the Government. This Plan contained the
key Class 2.5 Cost Estimate.
22