Mereenie

Located within the Amadeus Basin, approximately 300 kilometres west of Alice Springs.

Producing

Oil

Participants

Santos (50%), Central Petroleum (50% and operator)

First Production

Santos has operated the field since 1993.

About the Development

Oil and condensate is produced from the field, processed and then loaded into trucks for transport to Port Bonython where it is sold to customers. Associated gas from oil produced is currently reinjected into the oil reservoir.

The field has produced over 16 million barrels of oil and condensate and over 240 billion cubic feet of sales gas since 1984. 

In June 2015, Santos agreed to sell a 50% operated interest in the Mereenie oil and gas field in the Northern Territory to Central Petroleum for $45 million.  In addition, Central Petroleum will free carry Santos on a $10 million work program aimed at increasing gas reserves in the field and make further payments to Santos conditional on the proposed Northern Territory-East Coast gas pipeline proceeding. 

In 2015, Santos' share of production was 0.4 PJ of sales gas, 196,000 barrels of oil and 39,900 barrels of condensate.

 

Exploring

Oil

About the Exploration

In October 2012, Santos announced a farm-in agreement with Central Petroleum to earn up to a 70% interest in 13 permits across the Amadeus and Pedirka Basins. As part of the farm-in, Santos committed to a four-year, three-phase exploration program in the region, commencing in mid-2013, as a first step in determining the geology and prospectivity of the oil and gas resources in these basins.

In mid-2013, more than 1,800 kilometres of 2D seismic surveys were undertaken across multiple exploration licences in the Amadeus Basin. Processing of this seismic data is currently underway.

In April 2014, Santos completed the drilling of the Mt Kitty-1 exploration well, reaching a programmed total depth of 2,295 metres in meta-sedimentary basement. The well encountered gas shows and evaluation is ongoing.