Central Petroleum is set to revive the Mereenie oil and gas field after securing Easternwell Group to re-complete four existing wells and drill two new development wells at the Northern Territory project.
Rig 27 is expected to commence site mobilisation during April, the same month the re-completions are set to start before spudding of the first development well takes place in May.
The Mereenie field activities are intended to return field production capacity back towards 45 terajoules a day (TJ/d) from the current 32 TJ/d, and produce at least an additional 45 petajoules (PJ) of gas over the lifetime of the wells.
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