Beach Energy Limited has commenced its FY16 operated drilling campaign, with spudding of the Maroochydore-1 exploration well in ATP 924 (Beach farming-in to a 45% interest with Drillsearch Energy Ltd).

Maroochydore-1, located approximately 250 kilometres north-east of Moomba, will target Jurassic oil in the Hutton Sandstone. The well is situated between the long-producing Inland and Cook oil fields, with oil production from the Hutton Sandstone reservoir in the Cook Field now close to four million barrels. Maroochydore?1 targets were identified on the Hurron 3D seismic survey, acquired in 2014.

Tags: Beach Energy Limited