Empyrean Energy abandons Wilson River-1 well

LONDON - Empyrean Energy PLC, an oil and gas development company with interests in Australia, Indonesia, and the United States, announced today the results of the Drill Stem Test (DST) conducted on the Wilson River-1 well. The test, which was aimed at evaluating the well’s potential for hydrocarbon production, resulted in the recovery of formation water from the Murta Formation, leading to the decision to plug and abandon the well.

The DST was designed to assess the presence of moveable hydrocarbons in the well. However, the final well testing report confirmed the absence of such hydrocarbons, indicating that the well did not contain enough hydrocarbon buildup to displace the formation water. The outcome is considered a setback for the company, as initial quad combo logging runs had suggested potential oil pay.

Tom Kelly, CEO of Empyrean, stated that the drilling and testing operations at Wilson River-1 were conducted safely and efficiently. Despite the disappointing results, Kelly noted the importance of the rigorous testing process in informing the company’s decision-making.

The technical review of the information contained in this announcement was overseen by Empyrean’s Technical Director, Gaz Bisht, who possesses over 35 years of experience in the field of hydrocarbon geology and geoscience.

As a result of the findings, Empyrean has released the rig previously used for the Wilson River-1 well operations. The decision to abandon the well reflects the company’s commitment to focusing resources on more promising prospects.

This development is part of the natural exploration cycle in the oil and gas industry, where not all prospects yield commercially viable resources. Empyrean Energy continues to explore other opportunities within its portfolio.

The information in this article is based on a press release statement from Empyrean Energy.

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