AWE revels in another Waitsia boost

A map of the Waitsia field operations.

A map of the Waitsia field operations.

An independent review of the Waitsia gas field estimates gross 2P reserves of 811 PJ, 78 per cent higher than AWE’s previous reserves estimate in June.

The independent review and evaluation, undertaken by RISC, highlights the significantly better than expected reservoir quality, thickness and well deliverability outcomes from the recent drilling and testing program.

“The Waitsia Stage 2 development project is planned to deliver 100 TJ/d for at least ten years,” said AWE CEO and Managing Director David Biggs.

“The additional reserves identified by this review are more than double the reserves required for this project, and provide opportunities for significantly increased near-term field production and longer field life.

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