Abstract:Some 1800 wildcat wells have been drilled in Australia since 1900 to test over 30 basins ranging in age from Proterozoic to Tertiary. In New Zealand some 400 wells have tested three basins from Cretaceous to Tertiary in age. Fewer than 100 wells have specifically targeted submarine fan sands.
Total discovered recoverable oil and gas reserves in Australia and New Zealand are around 6700 million barrels of oil and 85 TCF of gas, and submarine fan reserves account for only 300 million barrels of oi… Show more
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