Petroleum Resource Estimation
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Finder Energy Reports Improved Rock Volumes after Reinterpretation of Krill and Squilla Discoveries
Small Capsยท 2025-10-27 00:26
Core Insights - Finder Energy has reported significant increases in gross rock volume (GRV) at the Krill and Squilla oil discoveries in the Timor Sea, following the interpretation of reprocessed Ikan 3D seismic data, which improved image quality and resolved previous geological complexities [1][5] Exploration Well Data - The latest interpretations indicate that the original Krill-1 exploration well has an updip appraisal potential of approximately 90 meters within the Krill structure, enhancing the prospects for further exploration [3] - The Squilla exploration well, drilled in a down-dip position, intersected a fault that affected reservoir quality; however, new data suggests potential appraisal locations away from these faults [4] Contingent Resource Estimates - Seismic reprocessing has led to a GRV increase of over 60% at Krill and more than 243% at Squilla, prompting Finder to revise its contingent resource estimates and reassess appraisal well locations [5] - Each field will require an appraisal well to confirm the commercial viability of resources for potential tie-back to existing developments or to establish a new production hub in the southern section of PSC 19-11 [5] Future Steps - Finder plans to integrate new interpretations with geological analyses of well data to enhance understanding of reservoir parameters at Krill and Squilla, including detailed petrophysical studies and oil property reviews [6]