Armour Energy has restarted oil production from the Emu Apple oil field located in the Roma shelf in Queensland, Australia.
At present, Emu Apple-1 well is producing at a rate of about 50 barrels per day (bpd) and is expected to contain about 100,000 oil barrels (bbl) of remaining recoverable oil in a four-way dip closed structure in the Jurassic aged Boxvale Sandstone at a depth of 1,400m.
The company said that restart work at Emu Apple forms part of the company’s recently acquired Kincora assets in the Roma shelf.
Armour Energy executive chairman Nick Mather said: “The Roma Shelf has historically spawned numerous oil and gas companies such has Hartogen, Crusader, Beach, AOG and Bridge and it goes on giving. Armour will be the next.
“Armour's advantage is a new generation of 3D seismic techniques to find oil and gas here, as well as very efficient field development and oil and gas recovery techniques.”
Kincora covers six oil fields that have produced 2.9 million barrels of oil.
The company aims to re-enter and test the best of these opportunities as part of its campaign to bring the project up to complete development status.
Armour Energy CEO Robbert de Weijer said: “Starting oil production from the Emu Apple field marks a key milestone for Armour.
“We are now generating our first cash flow and, due to our low cost structure, we should generate a very healthy margin from each barrel that we produce.”
The Emu Apple field covers an area of 1.3km² and last produced at a rate of about 50bpd in 2014.
